7/28/2023 0 Comments James packer picture![]() "Holy crap, big street fight outside my house. "We respect each other and neither of us will be commenting further."Ĭhris Walker, who lives nearby, said he saw the fight and posted about it on Facebook. "In that time we have had our fair share of ups and downs. "We have been friends for 35 years and still are," the statement released via Channel Nine read. The industry heavyweights issued a three-line joint statement yesterday, saying that they remained "friends" after their public punch-up. Mr Packer has a stake in rival Ten Network Holdings, although the fight is not believed to be connected to business. Corporate reputations at riskĪside from the blows to a long friendship, James Packer and David Gyngell have hurt their corporate reputations, writes business editor Peter Ryan. Holdings is the owner of the Nine Network, one of the nation's largest broadcasters. Of particular note would be the clauses about behaving fairly and avoiding conflict between personal interest and those of the company he runs. Mr Gyngell will no doubt be anxious to fulfil Nine Entertainment's staff code of conduct. Mr Packer will be hoping his involvement in a very public brawl with his best mate will not jeopardise the character tests he must pass to hold gambling licences. He is expanding into Sri Lanka and is behind the new casino at Barangaroo in Sydney. He took over his father's media empire and has transitioned the business into the area of gaming. ![]() Mr Packer, who is competing for Japan's first casino licence, is now facing the scrutiny of the world's media. This morning News Corp also released footage of the fracas, which shows Mr Packer being dragged off the top of Mr Gyngell by men thought to be security guards.
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