Alan Bond

Alan Bond (22 April 1938 – 5 June 2015) was an Australian businessman noted for his high-profile and often corrupt business dealings.

These included his central role in the WA Inc scandals of the 1980s; the biggest corporate collapse in Australian history; and also his criminal conviction that saw him serve four years in prison.

He is also remembered for bankrolling the successful challenge for the 1983 America's Cup, the first time the New York Yacht Club had lost it in its 132-year history.

[4]: 34  In 1956 he was charged with attempted burglary, having been found by police roaming the streets of Fremantle dressed in State Electricity Commission overalls and carrying tools.

He extended his business interests into fields outside property development including brewing (he controlled Castlemaine Tooheys in Australia,[7] leading the business to legal success in the landmark constitutional law case of Castlemaine Tooheys Ltd v South Australia,[8] and G. Heileman Brewing Company in La Crosse, Wisconsin, US[9]), gold mining,[10] television,[11] and airships.

[13] He purchased QTQ-9 Brisbane and settled an outstanding defamation dispute the station had with the Queensland premier, Joh Bjelke-Petersen by paying out A$400,000.

He said in a television interview several years later that he paid because "Sir Joh left no doubt that if we were going to continue to do business successfully in Queensland then he expected the matter to be resolved".

[15] The transaction was criticised by art dealers as possibly a manipulated sale designed to artificially inflate values generally (which it seems to have done).

[18] Bond became a public hero in his adopted country when he bankrolled challenges for the America's Cup, which resulted in his selection in 1978 as Australian of the Year[19] (awarded jointly with Galarrwuy Yunupingu).

His Australia II syndicate won the 1983 America's Cup, which had been held by the New York Yacht Club since 1851, thus breaking the longest winning streak in the history of sport.

In 1987, Bond paid $1 billion to purchase the Australia-wide Channel Nine television network from Kerry Packer's PBL.

Kerry will sell to me, and what I want to do is put our stations together and then, with Sky Channel, I'm going to float it off as a separate entity and raise the capital to pay for it... [Packer] said $1 billion [was his asking price], but I think I'll get it for $800 million.'

[20] In 1992, Bond was declared bankrupt after failing to repay a $194 million personal guarantee on a loan for a nickel-mining project.

[36] In 2008, Bond made a return to the Business Review Weekly's "Rich 200 List", in 157th spot, with an estimated wealth of $265 million—thanks primarily to his stakes in Madagascar Oil and Global Diamond Resources.

[42] On 2 June 2015, Bond underwent open-heart surgery at a private hospital in Perth to replace and repair his heart valves.

[46] John Wood portrayed Bond in the miniseries The Challenge (1986), which depicted Australia's famous victory of the 1983 America's Cup.

In 2021, Perth-based psychedelic rock/pop band Pond released a song titled "America's Cup" that would go on to appear on their ninth studio album, 9; the song, which is about the drastic changes brought upon Perth in the aftermath of the 1983 America's Cup, repeatedly mentions Bond with the line, "Alan was a rolling stone".

Lippo Centre in Admiralty, Hong Kong Island, 1988; bought from Alan Bond