PBL now in the shoes of Alan Bond
For those who do not know the infamous story of Kerry Packer and Alan Bond, here goes:
Back in 1987, Kerry Packer sold Australia’s Nine Network to Alan Bond for AU$1.05 Billion.
3 years later, Alan Bond’s company went down and the network was in trouble. Kerry bought it back for a mere $250 million.
Today Nine Network is still part owned and operated by the Packer family.
Now, James Packer (son of Kerry) has been on the Alan Bond side of a recent business transaction.
In 2007 James’s company, PBL, along with their partnership with Microsoft, bought Myhome.com.au from Shane Dale for AU$8 million.
A year later, and the site was recently closed down a couple of weeks ago. PBL is estimated to have spent $20 million on Myhome.com.au with no gains.
Media claims that Shane Dale, recently bought back Myhome.com.au for AU$1.8 million. However, Mr Dale said the numbers are not right, but did not confirm its accuracy.
It is apparent that PBL and Microsoft / Ninemsn had no real understanding of the online real estate market.
What are you going to do with MyHome.com.au, Shane?
He has BIG plans…. Really BIG plans… and I’m so proud of him!!!
:) 
he is a smart intelligent man and am praying for him.Am so proud of you Shane.keep up i know you will make it.GO SHANE!
So I need to ask both Anna and Jedidah… what is it that you guys know about Shane that I don’t?
Leave your response!
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