Steve Vizard's spin doctors claim he
lost $335,000 on the trades involving Sausage Software, Computershare
and Keycorp – but this isn't full story. What about the clear $1.1
million profit that Vizard made through his dealings with Multiemedia,
which was indirectly related to one of his Telstra conflicts of
interest?

Knowing that Telstra was negotiating with the AFL for
internet rights, Sportsview – a company owned by Steve Vizard, Eddie
McGuire and Stuart Simson – snapped up exclusive internet rights with
four AFL clubs, Carlton, Collingwood, Hawthorn and the Western
Bulldogs. Then they sold a 22.6% stake in Sportsview to listed dotcom
company Multiemedia, as you can see from the heads of agreement announcement and the final agreement revealed on 21 February, 2000.