Nine is the publisher of The Australian Financial Review.īut perhaps most revealing about the episode was not so much the accusations contained in the emails. The emails accused former Federal Treasurer and Chairman of Nine Entertainment Peter Costello of being a “secret lobbyist” for Crown in 2011 and included personal attacks on a Nine media executive. Packer made the headlines this week when a slice of his private correspondence was leaked to the Australian media. Douglass recently departed Magellan Financial Group, the firm he co-founded, before popping up in Packer’s inner circle. Jalland is a former Crown boss while Nadler is a Canadian AI-tech entrepreneur. Readers of the country’s business pages may have learned by now about Packer’s new committee – the group he’s tapped to deploy the $3.3 billion windfall from this year’s sale of Australian casino group Crown to US private equity Blackstone. “Hopefully, that discipline will help me make less mistakes going forward.”
“All decisions need to be unanimous for an investment to proceed,” he said. “CPH has an investment committee these days with Guy Jalland, Hamish Douglas and Daniel Nadler being members alongside me,” Packer wrote in one of several emails to The Australian Financial Review. James Packer has asked longstanding friend Hamish Douglass to be on his investment committee. The vessel was moored off the picturesque Italian island of Sardinia, soon to make the overnight trip to Spain. Billionaire James Packer was sitting on his yacht this week in the Mediterranean sun, setting out how he intends to get back to Australia and start on his next business venture.
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