Charismatic business tycoon who bankrolled Australia’s triumph in the America’s Cup but later faced bankruptcy and imprisonment for fraud
Alan Bond, the controversial business tycoon who backed Australia’s ultimately successful bid for the America’s Cup yacht race, has died aged 77. He was just 12 years old when he stepped ashore in Australia for the first time. His parents, Frank and Kathleen, like many thousands of Britons in the aftermath of the second world war, had taken the momentous decision to emigrate from the grey austerity of northern Europe to the sun-kissed southern hemisphere.
Young Alan was plucked from Perivale school in Ealing and on arrival in Australia attended Fremantle boys’ school near Perth. He took a job as a signwriter on leaving school, but quickly realised that his future lay in business. Such was his talent and determination that before he reached his 40s, his name was known throughout Australia and beyond. In 1978 he was named Australian of the year.