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Everyone is trying to be Kerry Packer... “You only get one Alan...

  1. shades2
    2,768 Posts.
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    04/07/17
    09:40
    Post #: 25647444
    Everyone is trying to be Kerry Packer...


    “You only get one Alan Bond in your lifetime, and I've had mine,” said Packer.


    In 1987 Packer made a fortune at the expense of disgraced tycoon Alan Bond. It was widely reported that he sold Bond the Nine Network at the record price of A$1.05 billion in 1987, and then bought it back three years later for a mere A$250 million, when Bond's empire was collapsing.

    Packer later quipped; "You only get one Alan Bond in your lifetime, and I've had mine".[5] Packer was then able to re-invest the proceeds in a 25% share in the Foxtel pay TV consortium.
    Last edited by shades2: 04/07/17
    GXY Price at posting: $1.61 Sentiment: Buy Disclosure: Held
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