Harold Mitchell receives $90K fine for tennis deal
Ad industry stalwart and former Tennis Australia Vice President Harold Mitchell has received a pecuniary penalty of A$90,000 for breaching his director’s duties.
Justice Beach of the Federal Court of Australia has imposed the penalty on Mitchell following a 2013 decision by the Tennis Australia Board to award the domestic television broadcast rights for the Australian Open tennis tournament to the Seven Network.
The Court found that Mitchell’s action to pass information to Seven West Media’s Bruce McWilliam contravened s180(1) of the Corporations Act on three occasions. Further allegations of breaches of s180(1), and alleged breaches of sections 182 and 183 of the Corporations Act, were dismissed.