Nine CEO David Gyngell
Nine CEO David Gyngell

Video: Witness tells of Packer-Gyngell Bondi brawl

AN angry text fired off by billionaire James Packer demanding Channel 9 boss David Gyngell remove a news truck from outside his Bondi Beach pad ignited the sensational street brawl between the pair, News Corp reports.

The text, sent moments after the casino mogul jetted into Sydney from Jerusalem, left Mr Gyngell seething with rage after months of escalating tensions between the friends of 35 years.

"I didn't even know you were in f ... ing Australia,'' Mr Gyngell is heard yelling in a video of the bare-knuckled fist fight on Sunday afternoon.

The Daily Telegraph understands Mr Packer seriously considered suing his once-close friend for assault on the basis three witnesses could testify on his behalf.

However, he decided not to inflame the situation further.

After touching down in Sydney, Mr Packer, Australia's richest man, was believed to have been intending to catch up with his rumoured love interest, supermodel Miranda Kerr, who arrived on Friday.