Australian businessman Geoffrey Edelsten has been found dead in his Melbourne home.

Victoria Police confirmed that the body of a man in his late 70s was discovered on Friday afternoon in a St Kilda Road apartment.

Geoffrey Edelsten with his then fiancee Brynne Gordon at Bondi Beach in 2009.Credit:Sasha Woolley

Mr Edelsten, 78, was best known as the flamboyantly-dressed former owner of the Sydney Swans football club.

He started his career as a general practitioner and founded the Allied Medical Group.

Mr Edelsten did not shy away from the red carpet and in 2009 married young American socialite Brynne Edelsten, he later married Gabi Grecko, who was 46 years his junior, in 2015.

A coroners report is being prepared and the death is not being treated as suspicious.

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