Melbourne buccaneer businessman dies at 79
âThey are joined in grief by many nieces, nephews, grandchildren and other close relatives. Vale’s dad.
Tom Elliott’s wife Elise also posted her own tribute to her stepfather on Twitter.
Former Victorian Prime Minister Jeff Kennett said: âHe was a larger than life character. We will miss him. He will be missed for a variety of reasons.
âHe was a very committed person to the conservative side of politics. It is the death of another extraordinary individual. He lived his life to the fullest. He made mistakes, none of us are perfect.
“I’m sorry to hear of his passing, but I think he would be happy not to continue in the state he was in.”
Victoria Opposition Leader Matthew Guy said: âJohn was a giant, politically, in business and in his love of all things Victorian, especially Carlton Football Club. He will be sorely missed. “
John Elliott’s influence has permeated business, football and politics for many years.
Unconventional and infallibly politically incorrect at a time when it was not a disqualifying character trait, he was often seen smoking a cigarette outside the Savage Club or the historic Miter Tavern pub until as pandemic lockdowns hit Melbourne last year.
The former chairman of the resource-brewing Elders IXL group, former chairman of the Australian Liberal Party and chairman of the Carlton Football Club in his prime in the 1980s was 79.
He would have been 80 on October 3.
One of the brightest minds of his generation, Mr. Elliott rose to prominence as a buccaneer businessman and Liberal Party power agent in the 1980s after he and a group of graduates from Like-minded business schools have taken over a series of businesses, starting with a venerable old jam – doing business with Henry Jones IXL and then with Elders, a stock and station agent, and Carlton & United breweries.
One after another, he and his coterie, including Geoff Lord, took over businesses rich in assets and tired of mind, using borrowed money and freeing the money from their prey by bringing back businesses at their core business.
He turned his small operations into larger icons, earning the reluctant respect of those who could see the meaning.
Each target was bigger than the one before it and by the end of the 1980s the Elder Empire spanned the brewing, finance, property and resources as well as the original businesses.
The ambitions of Mr Elliott and his colleagues came to a head when they made an unsuccessful takeover attempt of pubs and UK brewing group Courage, then stepped in to take a stake in BHP to protect it from takeover ambitions of An even more modern raider of the times, rival entrepreneur Robert Holmes has Court.
But as their debts grew with their ambitions, and their tactics drew the wrath of the still influential establishment in Melbourne who closed ranks against them, the Empire of the Ancients grew more and more.
Elliott almost won the hearts of the establishment when he went to the Big Australian rescue, when Mr Holmes Court launched an extended siege on the mining and steel giant which was featured in TV commercials run by avuncular actor Bill Hunter.
For a time, Elliott served on the board of directors of BHP, Australia’s business summit. And its IXL elders, inflamed by their offer to “favor” the world, were at the center of the $ 10 billion Australian business.
Sadly, the recession and crushing interest rates of the early ’90s exposed the weaknesses of the empire, and the empire collapsed, leaving Mr Elliott with a much squeezed figure, which nonetheless did not grow. not withdrawn from public life.
By 1990, Elliott had fallen off the rich list after his wealth rose from $ 78 million to around $ 32 million. In January 2005, Elliott filed for bankruptcy.
These days, Elders is a small business – sticking to its core of rural services, supplies and regional real estate after many executives have sold assets to reduce inflated debt.
Carlton figures have expressed concern for his well-being in recent weeks. He had overcome a health problem, but a fall sent him back to hospital.
Pollster Gary Morgan, who ran for Lord Mayor of Melbourne on a ticket with Elliott in 2012, said Elliott was a friend who had helped him in so many ways.
âI first met John Elliott right after graduating from the University of Melbourne,â he said.
âSeniors were an important client of Roy Morgan when John Elliott was CEO. As Chairman of the Melbourne Committee, he worked closely with the Victorian Labor government during Victoria’s financial troubles of the 1990s, which resulted in the construction of the South Eastern Freeway Tunnel, the restoration of Dockland’s development from the Old Treasury, Melbourne Circle Tram, Spring Racing Carnival, and more.
“A good person in so many ways – on a sad day I will miss him and my family.”