Nakhle Family Feud Sells Horse Racing Empire | Auckland News

A sprawling horse racing empire tied to the wealthy Nakhle family is being liquidated amid a bitter family feud, as legal battles over misused funds and disputed assets unfold. Daniel Nakhle faces allegations of siphoning $40 million from family businesses—Byerley Park and Karaka Estate—to keep them afloat, while he claims rightful ownership of over $60 million in assets. Now declared insolvent, the companies owe $16 million to creditors, including staff and suppliers, as liquidators rush to sell off land, buildings, and even livestock to recoup losses. With investigations underway for potential illegal transactions, this high-stakes drama exposes how family wealth can collapse under betrayal—and now, it’s being auctioned piece by piece.

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