![]() However, the police appear to have deemed it a minor offence. James Packer and David Gyngell are the bearers of a singular tradition in Sydney’s media battleground: real blokes settle things with their fists, assuming a bullwhip or a revolver isn’t handy. Billionaire James Packer sported a huge black eye as he flew out of Sydney just hours after he met with rival TV boss and David Gyngell following their street brawl over the weekend. Nine Network's chief executive, David Gyngell, will cooperate fully with a police investigation into the Bondi street fight with his close friend James Packer, his spokesman says. There was speculation about whether the incident would affect Packer's ability to hold casino licences. James Packer has broken his silence to reveal the depths of his bitterness towards former best friend David Gyngell. ![]() "Clearly, had he not turned up at Packer's premises in an angry mood then the confrontation would never have occurred." Grudge match: James Packers deep animosity towards David Gyngell. "He also fully accepts that he was the instigator of the incident. "David Gyngell respects the job police do and will co-operate fully with their investigation," the statement said. Video of the brawl between billionaire James Packer and Nine boss David Gyngell has been released showing the pair wrestling on the ground on a Bondi street. Explosive photographs and video footage of a punch-up between James Packer and David Gyngell are understood to have sold for more than 200,000 - to one of Packers best friends. Gyngell issued a statement on Tuesday saying he was the instigator of brawl that resulted in a black eye for Packer and embarrassment for both men, after police revealed they were investigating the dust-up. WATCH the exclusive vieo of Packer and Gyngell fighting'You can bugger off boys, I'm off to work,' Gyngell told reporters todayPacker text message sparked. ![]() The business heavyweights generated worldwide headlines after photos and video emerged of the childhood chums fighting outside Packer's home in Bondi in Sydney's eastern suburbs. Packer was involved in a public physical brawl at Bondi Beach in 2014 with David Gyngell, a long-term friend and head of Channel Nine. The Nine Network issued a statement saying Gyngell was pleased the process was now resolved. Media across Australia have published photographs and video of casino mogul James Packer and his longtime friend David Gyngell, chief executive of Nine. A police statement on Friday said a 46-year-old man and a 48-year-old man had been issued with the notices. ![]()
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