Joel Macdonald was born on 10 October 1984 and is a businessman and former Australian rules footballer.
17 Facts About Joel Macdonald
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Joel Macdonald is the co-founder and former President of software company, GetSwift.
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Joel Macdonald was recruited by the Brisbane Lions through the 2003 Rookie Draft as a Queensland Zone player from Mt Gravatt.
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Joel Macdonald made his debut for the Brisbane Lions in Round 10,2004.
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In December 2009, Joel Macdonald was drafted to Melbourne with the first selection in the pre-season draft.
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Joel Macdonald appeared in 125 senior games over 11 years before he retired from football on 16 August 2013.
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In July 2013, Joel Macdonald founded Liquorun, an on-demand alcohol delivery service with two other Melbourne players, James Strauss and Rohan Bail.
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In 2014, Joel Macdonald re-branded the company as GetSwift, pivoting the delivery business in the process.
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In January 2018, as part of an investigation by the Australian Financial Review, GetSwift and Joel Macdonald were alleged to have misled the market by overstating forecasts to the public and failed to disclose the loss of major contracts.
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Joel Macdonald was again suspended from trade after inadequately addressing questions by the Australian Securities Exchange.
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Joel Macdonald appointed PriceWaterhouseCoopers to investigate their compliance and MacDonald later admitted less than half of the contracts announced had resulted in revenue.
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Joel Macdonald was at one stage facing three class actions, including a $300M suit lodged in the Federal Court where MacDonald is named as a defendant.
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Joel Macdonald is contesting the accusation and has separately accused Squire Patton Boggs of overstating the claim to A$300M.
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In January 2018 while CEO of GetSwift, Joel Macdonald was accused of misleading the market by overstating revenue forecasts the public and failing to disclose the loss of what GetSwift claimed were not materially significant contracts.
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Joel Macdonald is contesting the accusation and has separately accused Squire Patton Boggs of overstating the claim.
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Joel Macdonald was found guilty on 33 counts of misleading conduct and disqualified from managing corporations for 12 years.
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The Court found GetSwift directors Bane Hunter and Joel Macdonald failed to meet their obligations as directors due to their involvement in the announcements made to the ASX, and that they were both knowingly concerned in multiple continuous disclosure breaches made by GetSwift.