Pubs billionaire Bruce Mathieson snr says a margin loan against his 15 per cent stake in Endeavour Group has not constrained his family’s capacity to do other deals, including buying more shares in The Star Entertainment Group.
Mr Mathieson added that he and many other shareholders passed on the last Star capital raising, but “to suggest that relates to our financial capacity is frankly ludicrous and untrue”.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
