- Mar 28, 2018
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- #51
Kudos to the last few posts. My comments not really needed. Except to say that Port Adelaide’s motivation to start a China strategy in September 2013, as a treasure hunt for a $1 million sponsor, had by mid 2015 mushroomed into a ‘survival’ strategy once it became painfully clear that the Adelaide Oval deal was not going to reduce the club’s debt. This was when we got very serious about China ... because we had no other option that would get us out of the debt spiral in reasonable time. SA Govt Trade & Tourism in 2016 introduced us to Shanghai billionaire Gui Guojie who decided on the spot that his everlasting legacy to his home town would be to take Australian Football to Shanghai. He is now underwriting the venture, other partners have come on board, the AFL have as well of course, and from next year onward the Victorian Govt should be a stakeholder in parallel with the SA Govt with one of the Vic-based clubs playing Port Adelaide each year at Jiangwan Stadium. Sort of a State of Origin AFL international scenario, to which five years of sliding doors will have brought us. BTW Mr Gui has no interest whatsoever in AFLX. He wants the real deal, not a watered down version.
Are you saying the club has gained financially from the deal? and do you know how much?