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Sensational photographs of billionaire businessman James Packer involved in a fist fight with his former best mate and Nine Entertainment Group boss David Gyngell, are on offer to media outlets.

It's claimed the pair became involved in a physical alteration outside Packer's Bondi bachelor pad yesterday (Sunday) afternoon.

Gyngell was said to be waiting outside the apartment and launched into a heated argument with Packer before things got violent.

It's reported both men ended up wrestling on the ground before bodyguards intervened to break them up.

According to witnesses, Gyngell questioned Packer's decision to separate from wife Erica.  

It comes as model Miranda Kerr touched down in Sydney on Friday with rumours swirling for months that Packer has been dating the former Victoria's Secret star.

It's expected the Nine Network will release a statement regarding the matter today, while it's not yet known if any media organisations have purchased the images.

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