Now that Fonterra has announced a higher payout, would Allan Crafar be in a position to comfortably service his debt.
To me, it looks like he may have been shafted by fair weather friends - the banks, taking a very short term view of a long term asset.
Not to mention the $30m or so of debt added to the bill by the recievership.
My Father in Law once offered me some sage advice
All bankers are *****'s.
I've experienced this first hand which is why there is a certain bank that I or my children will never step inside again, ever.
What a deal!
13 minutes ago