Latest News

Back to Latest News back

 

Jacobsen Leaves Arena Management

Jacobsen Leaves Arena Management
April 22, 2009

Michael Jacobsen, Executive Chairman of the Michael Jacobsen Group, has stepped down as Executive Chairman and Chief Executive of venue operator Arena Management.

Jacobsen, who will remain Deputy Chairman of Arena, which is operator of the Sydney Entertainment Centre and Capitol Theatre in Sydney, is to focus on private business interests.

The decision comes as Arena moves closer to finalising the sale of its key business units as part of a restructuring and sale of certain assets held jointly by the wider Jacobsen family, designed to give family members more commercial independence.

As Jacobsen explained, "with Arena's sale of certain assets among other things giving Jacobsen family members more flexibility to operate independently, it is time to devote myself fully to investments under the Michael Jacobsen Group, which currently include holdings in entertainment and venture capital and property in Australia and overseas.

"My focus now is on expanding the Michael Jacobsen Group, with core interests in the entertainment industry complemented by investments in new ventures and distressed assets. This will include certain joint investments with my father, Kevin Jacobsen, and other partners. There are many opportunities in the market at the present time and the entertainment industry in particular remains buoyant in Australia.

"I am proud of my achievements over eight years as an executive of the Jacobsen Group and four years as Chairman and CEO of Arena Management. These achievements have included the development of Vector Arena in Auckland, the acquisition of global rights for and subsequent staging of Dirty Dancing â the Classic Story on Stage, and the successful operation of the Sydney Entertainment Centre in a highly competitive market.

"While I will maintain an equity-accounted 25% share in the yet-to-be-sold assets of the Jacobsen Group, I look forward to my primary focus being on expanding the Michael Jacobsen Group with the support of my valued personal staff and executives."

Image: Michael Jacobsen, courtesy of Twitter.

6th April 2009 - JACOBSEN FAMILY FACING COURT ACTION FOR $4 MILLION DEBT


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

AUSFIT

Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…

read more

Billing / Finance / Fitness / Technology

 
 

BODY BIKE AUSTRALIA

BODY BIKE® International is a leading manufacturer of indoor bikes with a 20-year track record of creating the best indoor bikes. Stay connected with Body Bike Australia…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

The Jump Pad

The Jump Pad is a safe, flat inflatable made in a variety of sizes which can be used indoor or outdoor. From 3mx3m up to a whopping 9mx21m. Markets include Indoor and outdoor playgrounds, schools,…

read more

Attractions / Entertainment / Play

 
 

THE FITNESS GENERATION

The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/

read more

Fitness / Technology / Wellness

 
 

TJS Services

TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide.  Our…

read more

Hospitality / Retail / Venues

 
 

Enta Australasia

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  Click here to view the VIVATICKET Pty Ltd listing.  19th July 2018 - ENTA…

read more

Technology / Ticketing / Venues

 
 

QUAYCLEAN

Quayclean are a national cleaning and waste services partner with proven results in the understanding and delivery of cleaning needs and challenges faced by facilities including; major venues and…

read more

Aquatics / Hospitality / Surfaces / Venues

 
 

PathMinder

PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…

read more

Access / Fitness / Recreation / Security

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business