Moana Pasifika collapses with $8 million debt, including unsecured taxpayer loan

Moana Pasifika has collapsed with over $8 million in debt, including a $2.7 million unsecured taxpayer loan unlikely to be repaid. The team's debts include payments owed to approximately 70 players and staff. Assets like gym equipment and the team's brand are insufficient to cover the liabilities. Several parties have expressed interest in acquiring the team's assets, though their estimated value is not yet determined.