Tainui’s political infamy has spread far beyond Waikato’s main road and even residents of Timaru (a town located halfway to Antarctica) have taken notice and the Timaru Herald has some words to say about Tainui’s dirty politics.
Troubling times as Tainui factions form
The recent spate of reports flowing from the Waikato regarding the in-house fighting of Tainui are worrying. The latest flurry of accusations to be levelled at certain members of Waikato- Tainui takes the public back to a time when they found themselves in difficulty from a number of high-risk investments including owning the country’s only rugby league franchise, the Warriors.
Reflecting on that time they were simply bad investment decisions. In comparison with the number of high-flying finance companies that have gone bust over the past two years, some will have sympathy for the plight of Tainui. To their credit the string of bad investments made by Tainui were reversed and they now find themselves as major economic players within the Waikato .
The latest criticism to face Tainui however is more concerning. Read the rest of the Timaru Herald article »
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