Business the focus for Pup’s future
SHORTLY before Michael Clarke embarked on this fateful Ashes campaign, an investment company was set up in his name.
Michael J Clarke Investments Pty Ltd was registered in May this year. Its sole asset is a stake in a private equity company, BCXXIII Capital.
Clarke owns half. The other half is held by one of his most trusted friends, Anthony Bell, a high-profile accountant and sports nut who won the Sydney to Hobart yacht race in 2011.
BC stands for Bell and Clarke. XXIII refers to the number Clarke wore during his stellar one-day career.
While Bell would not comment yesterday, he has previously said he preferred to invest in emerging businesses that had lost their way due to a lack of leadership. It’s thought that Clarke may be deployed to target businesses that need direction.
Clarke first developed an interest in business after becoming a client of Bell’s about 10 years ago.
More recently, Clarke has been spending time with casino king and early-stage investor James Packer, as well as former investment banking gun John Wylie, who is a former chairman of the MCG Trust.
It’s believed there is no ceiling on the amount Clarke and Bell will invest. Bell is worth about $100 million.
Reportedly three quarters of Clarke’s personal wealth is in property; the rest is in blue-chip shares.
Clarke is estimated to have been earning up to $6 million a year, much of that coming from off-field sponsorships including Toyota.