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[QUOTE……The Manawatu Standard understands that a failure to renegotiate the terms of two loans totalling about $6 million from the Palmerston North City Council and Manawatu District Council prompted the resignations.[/I]
……. According to an independent auditor's report by AuditLink on the Manfeild Park Trust for the year ended June 30, 2014 loans from the two councils of $2,993,169 and $2,952,703 respectively…….[/QUOTE]
The General Manager Business of Manawatu District Council is Shayne Harris - who is also the President of MotorSport New Zealand. This is pretty well known so I'm sure there is no undisclosed conflict of interest.
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