Oaktree Investments proposes to buy back James Packer's stake in Crown Resorts 19 Apr, 2021 12:43 AM 2 minutes to read James Packer. Photo / Getty Images news.com.au By: Gerard Cockburn An investment firm has pledged to fund a buyout of James Packer's stake in Crown Resorts, potentially paving a way for the casino giant to obtain its Sydney gaming licence. Crown acknowledged that it had received a "non-binding and indicative" proposal from Oaktree Investments to fund a buy back of shares owned by the billionaire's private company Consolidated Press Holdings (CPH). Oaktree's proposal details an investment funding of nearly A$3 billion ($3.2b) to Crown in order to buy back "some or all" of the shares held by CPH.