James Packer and David Gyngell trade blows : Video
Two of Australia's business heavyweights claim to have buried the hatchet, saying they are still friends after a bruising beachside brawl between billionaire James Packer and Channel Nine chief David Gyngell.
Photos today emerged showing a furious James Packer being restrained as he tries to hurl punches at Nine Network boss David Gyngell.
The publication of the two images by News Corp Australia on Monday - who reportedly paid $210,000 for the images - comes from a set of photographs taken as the two childhood friends come to blows outside Mr Packer's Bondi apartment on Sunday.
There are reportedly more than 50 photos in the set.
The billionaire businessman and the TV executive, who was best man at Packer's wedding, issued a joint statement insisting they remain friends after news of the fracas broke.
"We have been friends for 35 years and still are," they said.
"In that time we have had our fair share of ups and downs.
"We respect each other and neither of us will be commenting further."
Bondi resident Chris Walker, who says he witnessed the incident, tweeted about a "massive street fight" outside the Packer home on Sunday afternoon.
He later described the fight on his Facebook page.
"Holy crap, big street fight outside my house ... Not thugs, James Packer ... And some other angry bloke going toe-to-toe - total brawl ... Wow."
A witness said he heard Mr Gyngell yelling on a phone that he was waiting for Mr Packer, who arrived home a short while later.
No words were exchanged as the two "went at it hammer and tongs", Ten said the witness told them.