Chapman, however, confirmed that his Australia-based family business, Bennelong Group Pty Ltd, had bought three international businesses from the receivers/liquidators of Sportsworld Media.
These he identified as follows: "The Melbourne-based sports television production business; the Dubai-based sports television and event management business and the New Zealand [Auckland-based] sponsorship, signage and sports television business."
Chapman added: "All staff involved with the above referenced businesses are retained. Some staff employed in these locations but working for other aspects of the old Sportsworld business have [also] been retrenched by the receiver."
While Chapman said that Bennelong was unlikely to buy any of Sportsworld's UK assets, he asserted: "We are looking to quickly establish a UK base."
Chapman said that the failure of Sportsworld Media should not dissuade investors from targeting sports-related stocks. "The sports business is bigger on a worldwide basis than the automotive industry. Good companies with good balance sheets, a sound business model and proven management should always do well," he said.
Chapman, however, confirmed there was "no possibility at all" of working in the future with Jeff Brown, the former head of Sportsworld Media.
