AFL: Jeff Browne goes public with Collingwoodling takeover plan


Former Nine Network Executive Jeff Browne Goes Public With Collingwood Acquisition Plan

Jeff Browne, former Nine Network executive and AFL legal counsel, has made public his plan to take control of Collingwood.

Browne, 66, wants to replace Mark Korda as president and install three allies on the club’s seven-member board.

Browne told News Corp. he will approach Korda in an effort to negotiate a peaceful transfer.

If that offer is declined, Browne will wait for the members to surrender the board at an extraordinary general meeting.

Magpies member David Hatley has already collected enough signatures.

“Collingwood is a great club and strong and united leadership is vital if we are to overcome our current slump,” said Browne.

“There is a growing wave of member support for change and this change must start with a board-level refresh.”

Browne said he recently approached Korda to seek a board position but was repulsed.

He said he is willing to negotiate “in good faith” with Korda as he immediately pursues four board vacancies.

“The four new positions include myself and three other high-quality candidates who have been specifically chosen to provide the best overall mix and mix of skills and diversity,” said Browne.

“I would seek the approval of the new board to become chairman and president.”

Browne is the chairman of investment bank Moelis Australia and is a close friend of former Collingwood president Eddie McGuire.

After 23 years at the helm, McGuire stepped down in February after a significant backlash to the club’s handling of the publication of the Do Better report.

Browne also has support from high-profile former Magpies players Craig Kelly and Peter Moore.