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The troubled Zion Wildlife Gardens have been sold and the Whangarei park's 36 big cats will be staying put.
The park's receivers, PriceWaterhouseCoopers, confirmed the sale of Zion and its assets on Tuesday.
The park has been bought by Zion Wildlife Kingdom Ltd.
It is understood the buyers have sought the help of Craig Busch, the son of the park's former operator Patricia Busch, to run the park.
Receiver Colin McCloy said the offer from Zion Wildlife Kingdom provided good value and was the best option to preserve the operation of the park and protect the animals.
"The welfare of the wildlife at Zion has always been a priority for the receivers and we're pleased to announce the completion of the sale and purchase agreement which enables the wildlife to remain at the park," Mr McCloy said.
Earlier this month, PriceWaterhouseCoopers launched court action over the future of the park's 36 big cats, but this was dropped.
It had been feared the cats would have to be euthanased if they weren't removed from the park.
The receivers would not make any further comment on the sale and purchase agreement, or the new owners, because of commercial sensitivity.
Zion Wildlife Gardens became famous through the television series The Lion Man, featuring Mr Busch.
The park subsequently got into financial trouble and there was a falling-out between Craig and Patricia Busch, which resulted in Mr Busch leaving the park in 2008 after an employment battle.
The park's receivers, PriceWaterhouseCoopers, confirmed the sale of Zion and its assets on Tuesday.
The park has been bought by Zion Wildlife Kingdom Ltd.
It is understood the buyers have sought the help of Craig Busch, the son of the park's former operator Patricia Busch, to run the park.
Receiver Colin McCloy said the offer from Zion Wildlife Kingdom provided good value and was the best option to preserve the operation of the park and protect the animals.
"The welfare of the wildlife at Zion has always been a priority for the receivers and we're pleased to announce the completion of the sale and purchase agreement which enables the wildlife to remain at the park," Mr McCloy said.
Earlier this month, PriceWaterhouseCoopers launched court action over the future of the park's 36 big cats, but this was dropped.
It had been feared the cats would have to be euthanased if they weren't removed from the park.
The receivers would not make any further comment on the sale and purchase agreement, or the new owners, because of commercial sensitivity.
Zion Wildlife Gardens became famous through the television series The Lion Man, featuring Mr Busch.
The park subsequently got into financial trouble and there was a falling-out between Craig and Patricia Busch, which resulted in Mr Busch leaving the park in 2008 after an employment battle.
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