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AFL boss Gillon McLachlan splashes out on a stake in a $104million cattle farm


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The underlying quality of the country and feed types, the diversity of the rangeland, consistent rainfall, the large run giving economy of scale efficiencies, and potential for development were all attractive, Mr MacLachlan said.
It s a generational asset a very long-term play.
Wave Hill Station played a key role in the history of Indigenous land rights after 200 Gurindji stockmen in 1966 walked off the job and went on strike.
as part of Jumbuck Pastoral - a business syndicate run by his cousins Jock and Callum MacLachlan.
Under the deal, $56million was offered up for the land with the remaining $48million set aside for 40,000 Brahman cattle. Pictured: Wave Hill Station ....

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AFL boss has stake in NT cattle station


$104m price tag includes the expansive landholding as well as 40,000 cattle
Property
by GARY SHIPWAY
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AFL chief Gillon McLachlan and the billionaire family behind Reece Plumbing have emerged among the big names in the syndicate that splashed out $104m to buy the Territory s famous Wave Hill cattle station in the Victoria River District, 750km south of Darwin.
Western Grazing which is one of Australia s largest beef producers, put Wave Hill and Cattle Creek Stations on the market in September.
It owned and operated the properties for almost 30 years and directors said the sale was part of a strategic review of its cattle operations. ....

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