Mr Buckley has been embroiled in a bitter Supreme Court trial since February, when his lawyers were granted a court order that banned Ms Cole and a former employee, Anthony Swords, from distributing an audio tape that was recorded at Melbourne’s Crown Towers last year.
Mr Buckley alleged in court documents that Ms Cole, who is the mother of his three-year-old daughter, wanted him to leave a third of his estate to their child, while also providing her with an annual stipend of $300,000.
“At this time, she also said that if I was to leave her she wanted $10 million otherwise she will release recordings of our private conversations and destroy me,” Mr Buckley said in the affidavit.
“I am a well-known public figure, and Ultra Tune is a well-known national business. If these private recordings are made public it will attract widespread negative media coverage.”
The trial is ongoing, but Ms Cole pleaded guilty to one count of contempt in the Supreme Court of Victoria last month, when she admitted to circulating the recording to two colleagues of Mr Buckley.
She was fined $500 on September 28, after Justice Andrew Keogh questioned the damage caused to Mr Buckley’s reputation by the leaks, noting excerpts of the recordings were published by The Age in February and remained online.
Mr Buckley has also been involved in an ongoing feud with Jimmy Seoud, who was a former director and licensee of Surfers Paradise strip club Toybox Gentlemen’s Club, owned by Mr Buckley, until they fell out dramatically in 2019.
Mr Seoud, who is widely known as Jimmy Vegas, lost an unfair dismissal claim against Mr Buckley last year.
The millionaire businessman has resided in a Broadbeach penthouse for the past 10 months, after living in a luxury suite at Crown Casino for most of 2020.
Now 61, Mr Buckley first became involved in Ultra Tune in 1979, and oversees more than 270 franchises that turn over $220 million annually.
The company’s controversial advertising campaign, which featured Hollywood actors Jean-Claude Van Damme, Charlie Sheen and Mike Tyson with scantily clad women known as the “rubber girls”, was regularly the subject of complaints to the Advertising Standards Bureau.
Mr Buckley defended the campaign and admitted to instructing his advertising agency to “shake a few trees” during an interview with CEO Magazine in October last year.
“But the more these vocal minorities squeal, argue and carry on about them, the more our ads gain notoriety and publicity, which, of course, increases our brand awareness,” Mr Buckley told the magazine.
Mr Buckley first met Ms Cole on the set of a commercial featuring Baywatch star Pamela Anderson and AFL player Warwick Capper in 2017.
He is also chief executive of Ultra Thoroughbred Racing, which operates a stud farm in Willowmavin, near Kilmore, known as Barree Stud, with more than 250 horses.
In 2014, Mr Buckley expanded into NSW, where he purchased a Hunter Valley property, now known as Golden Grove Stud, which oversaw the breeding of champion gelding Nature Strip.
The seven-year-old won The Everest at Royal Randwick last Saturday, along with a winner’s cheque of $6.2 million, taking its total prize money to more than $14 million.
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