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ABC News
ABC News
Business
Erin Semmler and Ben Cheshire

Greg Donovan got a $300k redundancy payout. Then he took the biggest punt of his life and started the Big Red Bash music festival

Greg Donovan had it all. A suburban Sydney home, a doting wife, three precious kids, and a sensible corporate career spanning 20 years.

The "suit-and-tie guy" poured everything into his insurance job. Managing people was rewarding and Greg felt a solid grip on each rung as he climbed the corporate ladder.

Then out of the blue, he was sent on his way, made redundant with a "pocket full of money".

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