Certified Legendary Thread China History in the Making

[Lockhart Road]

Six years ago ... ...

Page 56 of 114 – AFL Annual Report 2010

http://s.afl.com.au/staticfile/AFL Tenant/AFL/Files/afl_annual_report_2010.pdf

International media
There was significant work undertaken to promote and build the crowd for the Kaspersky Cup, AFL Shanghai Showdown, between Melbourne and the Brisbane Lions at Jiangwan Stadium on October 17. Various stories were developed for TV, radio and newspapers in China, Australia and across Asia. Several Australian-based media representatives went to China to cover the game along with the local Chinese-based media, and stories, such as that of Jamie Pi, the Chinese-born radio commentator who broadcast the game in Mandarin, were covered in various media outlets.

I haven't seen how much money was spent on the Melbourne vs Brisbane exhibition match in Shanghai in 2010, but if the above 70-odd words devoted to it in the AFL's Annual Report that year is any indication, it wasn't much.

There was a small picture from the China vs Japan curtain-raiser, showing empty tiers in the background, and meriting the following caption:
…teams from China and Japan played an Australian Football match before the first AFL game in China, the Kaspersky Cup, at Shaghai’s (sic) Jiangwan Stadium in October.

 

[Powerstufff]

.... I haven't seen how much money was spent on the Melbourne vs Brisbane exhibition match in Shanghai in 2010 .... There was a small picture from the China vs Japan curtain-raiser, showing empty tiers in the background ....

For more publicity our game this year should be played on one of the Spratly Islands. The curtain-raiser should be between Tibet and Taiwan.

 

[Dalphonso]

For more publicity our game this year should be played on one of the Spratly Islands. The curtain-raiser should be between Tibet and Taiwan.

View attachment 297942

All the hippie do gooders will not only be slandering us for supporting Chinas human rights record but now for killing plankton and coral

 

[Smithy7]

http://www.news.com.au/finance/busi...g/news-story/e7b8a5170da2eadcc8573a42ca0d7c4c
Gina Rinehart and Chinese real estate firm to buy Australia’s largest private landholding
GINA Rinehart has entered a bid to buy one of the country’s largest cattle stations for $365 million in partnership with a Chinese real estate firm Shanghai Cred.
http://www.news.com.au/finance/busi...g/news-story/e7b8a5170da2eadcc8573a42ca0d7c4c
Interesting times ahead if this goes through...

 

[LFC2010]

http://www.news.com.au/finance/busi...g/news-story/e7b8a5170da2eadcc8573a42ca0d7c4c
Gina Rinehart and Chinese real estate firm to buy Australia’s largest private landholding
GINA Rinehart has entered a bid to buy one of the country’s largest cattle stations for $365 million in partnership with a Chinese real estate firm Shanghai Cred.
http://www.news.com.au/finance/busi...g/news-story/e7b8a5170da2eadcc8573a42ca0d7c4c
Interesting times ahead if this goes through...

It'll get blocked.. Cause China!.

 

[Lockhart Road]

http://www.afr.com/news/we-back-our...gina-rineharts-bid-for-kidman-20161009-grygwy

'We back our own': Coalition backs Gina Rinehart's bid for Kidman

The federal Finance Minister Mathias Cormann has signalled the government will look favourably on Gina Rinehart's $370m bid for Kidman cattle empire.
Under the conditional deal Rinehart's Hancock Prospecting will own 67 per cent of the Kidman cattle portfolio and Chinese conglomerate Shanghai CRED will buy 33 per cent.
CRED is headed by Gui Guojie, a lead bidder in last rejected offer for Kidman and a sponsor of the Port Adelaide AFL team.
Mr Corman said it would be "great" if there was majority Australian control, as proposed under the deal.

http://www.afr.com/news/we-back-our...gina-rineharts-bid-for-kidman-20161009-grygwy

 

[RussellEbertHandball]

Been waiting for the transcript of today's lead story on ABC Radio's AM program to come up but looks like it will still be awhile. You can listen to the story at the link below. The most interesting thing stated, was that the foreign ownership component drops from 33.9% to 33% with this deal, as many members of the Kidman family are UK citizens. Listen at ..... http://www.abc.net.au/am/content/2016/s4553440.htm

The next story does have a transcript and is Barney Joyce's reaction and this bit a couple of minutes in.
http://www.abc.net.au/am/content/2016/s4553479.htm

KIM LANDERS: This majority Australian bid: do you think that that could be the template for what you regard to be an acceptable model for any future foreign investment in agricultural properties in Australia?
BARNABY JOYCE: I think the Australian people generally want the Australian mum and dad to be the owner of the Australian asset: owner of the Australian house. And you know, that might be politically incorrect for some in some quarters, but I don't care. It's one of my core political beliefs that the Australian citizen, the Australian mum and dad is the owner of the Australian asset, as much as we can possibly make them the owner of the Australian asset. They're the ones that I go down to Canberra for. And I want to drive around the countryside, drive around the suburbs saying that this is overwhelmingly owned by Australians.

KIM LANDERS: Gina Rinehart's Hancock Prospecting is partnering with the company, Shanghai CRED. Now, it was one participant in a previous consortium that was rejected by the Treasurer because it wasn't in the national interest. So how do we judge if Shanghai CRED's involvement in this latest bid is in the national interest?
BARNABY JOYCE: Well I don't. But the Foreign Investment Review Board will and I will give them the capacity to make that judgement. And that judgement will be on all their facts that they can ascertain and they'll have greater access to them than to me or you or to any of your listeners.

KIM LANDERS: But how do the Australian people know whether or not that it's in the national interest, because there's not a lot of transparency in this foreign investment framework?
BARNABY JOYCE: Well, that is their mandate. They have to work to make sure it's not to the - not actually in the Australian interest: whether it's not to the detriment of the Australian interest. But my view is - and my lobbying over many years has always been - to try and make sure that we give Australian organisations the best opportunity of buying Australian assets.

http://www.abc.net.au/am/content/2016/s4553479.htm

And here are the particulars of the agreement in this 7 page media release.
http://www.hancockprospecting.com.a...-Shanghai-CRED-and-Kidman-Media-Statement.pdf

 

[Grave Danger]

Barnaby Joyce is big buddies with Gina isn't he - getting involved with her side of the dispute with her kids' inheritance? I'd be surprised if he stands in the way of this Kidman deal, hence the "it's the independent umpire's decision" noises he's now making.

 

[Steve Dore]

Barnaby Joyce is big buddies with Gina isn't he - getting involved with her side of the dispute with her kids' inheritance? I'd be surprised if he stands in the way of this Kidman deal, hence the "it's the independent umpire's decision" noises he's now making.

Barnaby is in Gina's pocket

Barnaby Joyce grilled over Gina Rinehart donations

 

[Lockhart Road]

http://www.theaustralian.com.au/bus...a/news-story/42974eb3f9c69ce4d3b42e0e6ddb3e32

Shanghai’s Gui in Kidman has deep cred with China

• The Australian
• 12:00AM October 11, 2016

• • Rowan Callick China Correspondent Beijing
    
    Gina Rinehart’s Chinese partner in the $360 million purchase of S Kidman & Co is Shanghai CRED, managed by Gui Guojie, an affable property developer who has also been assigned by the Chinese government a major role in linking state and private companies, and in building Chinese investments overseas.
    He has gained substantial credibility in Australia through his $3m, three-year commitment to Port Adelaide Football Club.
    
    ....Mr Gui is a member of the ruling communist party, and of Shanghai’s Chinese People’s Political Consultative Conference.
    The company, that now has 33 per cent of the new ownership structure of S Kidman, was originally, until its privatisation, the Shanghai branch of China National Real Estate Development — the CRED Group — owned by the State Council, China’s cabinet.
    
    ....Ten years ago, Shanghai CRED joined Guangcai 49 China Shareholding Company, an alliance of 49 major private companies under the China Society for the Promotion of the Guangcai Program. This society, which operates charity programs, was jointly set up by The United Front Work department of the Chinese Communist Party and the All-China Federation of Industry and Commerce.
    Mr Gui was re-elected in January as one of the board directors of Guangcai 49 China, headquartered in Beijing.
    The major goals of Guangcai 49 China are listed on its website as actively co-operating with state-owned enterprises in their reform, and operating as a platform to integrate private enterprises with the major projects of government, and to encourage private companies to invest abroad.
    Wang Zhaoguo and Liu Yandong, members of China’s most powerful body, the Politburo Standing Committee, have chaired Guangcai 49 China in the past, and the present chairman is Du Qinglin, minister of the United Front department of the party.
    
    ....Mr Gui is not rated among China’s 1500 richest people by the Shanghai-based Hurun Report, the most highly respected Chinese wealth listing. In May next year, Mr Gui will help sponsor in Shanghai a Port Adelaide AFL game as his “gift” to his own city.

http://www.theaustralian.com.au/bus...a/news-story/42974eb3f9c69ce4d3b42e0e6ddb3e32

 

[Lockhart Road]

This, should it ultimately come off, is feeling more and more to me like the smartest piece of off-field business ever done by any sporting organisation in Australia.

http://www.adelaidenow.com.au/busin...e/news-story/cc436c3b390b61543e356b1a8a345387

THE Gina Rinehart-led bid to buy the S Kidman & Co cattle empire for $365 million would commit to maintaining the station’s head office in Adelaide, sources close to the consortium said yesterday.
Billionaire iron ore baroness Mrs Rinehart has joined forces with previous bidder, Chinese real estate company Shanghai Cred — headed by powerful Port Adelaide football club sponsor Gui Guojie — to lob the new bid.
While the Kidman head office in North Adelaide is not large — just a dozen people — situating a corporate head office in Adelaide can have flow on effects in terms of legal and accounting work, board meetings and other benefits.
South Australian livestock baron Tom Brinkworth, who is part of a competing consortium to buy Kidman with three other graziers from the Northern Territory, Western Australia and Queensland, refused to comment on his group’s bid ...
When asked specifically whether he would keep the head office in Adelaide he said: (Where's Adelaide?)’’.

http://www.adelaidenow.com.au/busin...e/news-story/cc436c3b390b61543e356b1a8a345387

 

[proman_x]

This, should it ultimately come off, is feeling more and more to me like the smartest piece of off-field business ever done by any sporting organisation in Australia.

http://www.adelaidenow.com.au/busin...e/news-story/cc436c3b390b61543e356b1a8a345387

THE Gina Rinehart-led bid to buy the S Kidman & Co cattle empire for $365 million would commit to maintaining the station’s head office in Adelaide, sources close to the consortium said yesterday.
Billionaire iron ore baroness Mrs Rinehart has joined forces with previous bidder, Chinese real estate company Shanghai Cred — headed by powerful Port Adelaide football club sponsor Gui Guojie — to lob the new bid.
While the Kidman head office in North Adelaide is not large — just a dozen people — situating a corporate head office in Adelaide can have flow on effects in terms of legal and accounting work, board meetings and other benefits.
South Australian livestock baron Tom Brinkworth, who is part of a competing consortium to buy Kidman with three other graziers from the Northern Territory, Western Australia and Queensland, refused to comment on his group’s bid ...
When asked specifically whether he would keep the head office in Adelaide he said: (Where's Adelaide?)’’.

http://www.adelaidenow.com.au/busin...e/news-story/cc436c3b390b61543e356b1a8a345387

Any plans for Mr G to join the PAFC board ?

 

[Steve Dore]

Any plans for Mr G to join the PAFC board ?

$%&^ no!

Do not want sponsors on the board, remember when Allan Scott thought he could tell the club what to do.

Besides that, what useful insight do you believe a business man based in communist China could bring to the PAFC that would warrant a seat on the board?

 

[proman_x]

$%&^ no!

Do not want sponsors on the board, remember when Allan Scott thought he could tell the club what to do.

Besides that, what useful insight do you believe a business man based in communist China could bring to the PAFC that would warrant a seat on the board?

Scott was that type of personality. Anyone who dealt with him would probably tell you a story or two.

I would suggest that his politics would have little to do with his business knowledge and contact base. I do not see anywhere in my comment were I suggested he join the board. Simply an off the cuff question.

What makes you think that none of our members of the current board do not sponsor or are heavily involved with groups that sponsor our club ? I would be very surprised if they didn't in some way shape or form.

Why do you think the strong Vic clubs have so much AFL and Government clout ? It isn't just about the history, it is also about the politics of power bases.

 

[Lockhart Road]

Any plans for Mr G to join the PAFC board ?

Not to my knowledge. Mr Gui's English isn't that fluent for a start.

As I indicated on the Holly Ransom thread, I recommend that the Club very soon admit someone (younger than me!) to the Board - by election or appointment - who has China, certainly international, business experience and, in particular, can assist the Club read both Chinese mind and body language ... considering our commitment up here is going to get even bigger if the Shanghai game goes ahead next year, as it should at this point, or even in 2018.
Such a person doesn't have to be Chinese himself / herself but would need to be an Australian citizen, not necessarily resident, I would think, according to the Club's constitution (?) and to ensure AFL ratification.

 

[proman_x]

Not to my knowledge. Mr Gui's English isn't that fluent for a start.

As I indicated on the Holly Ransom thread, I recommend that the Club very soon admit someone (younger than me!) to the Board - by election or appointment - who has China, certainly international, business experience and, in particular, can assist the Club read both Chinese mind and body language ... considering our commitment up here is going to get even bigger if the Shanghai game goes ahead next year, as it should at this point, or even in 2018.
Such a person doesn't have to be Chinese himself / herself but would need to be an Australian citizen, not necessarily resident, I would think, according to the Club's constitution (?) and to ensure AFL ratification.

Thanks, L.R.

I wasn't aware you had to be an Aussie citizen to be on the board. It makes sense to me if we are seriously making in roads into this market, we have someone on our board with some serious expertise in this area.

 

[Lockhart Road]

Thanks, L.R.

I wasn't aware you had to be an Aussie citizen to be on the board. It makes sense to me if we are seriously making in roads into this market, we have someone on our board with some serious expertise in this area.

I'm not aware either, I have been making an assumption re Aussie citizenship for Board members of AFL clubs.

I'd be interested to learn if my assumption is incorrect.

Perhaps this is the first time it's ever come up.

 

[RussellEbertHandball]

Don't have to be a citizen to be a director in Australia. But Port's constitution says

http://s.afl.com.au/staticfile/AFL Tenant/PortAdelaide/Links and Files/PAFCconstitution.pdf
12.5 All Directors shall ordinarily reside within Australia.

The general law via the Corporations Act 2001.
https://legalvision.com.au/can-a-permanent-resident-or-non-citizen-be-a-company-director/

Can a Permanent Resident or Non-Citizen be a Company Director?
Under the Corporations Act 2001 (Cth), directors owe duties to shareholders and have obligations they must fulfil. The responsibility the position attracts necessitates rules about who can and cannot be a director. We discuss below whether permanent residents or non-citizens can be a director of an Australian company, and if so, when. It also explains why these rules exist.
.........
Can Permanent Residents and Non-citizens be a Company Director?
The answer depends on the type of company they intend to become a director.

All proprietary companies require at least one company director who ordinarily resides in Australia. As such, a permanent resident can be a director of a proprietary company. If that company has a director who resides in Australia and decides to have more directors, those directors could conceivably be non-citizens.

Public companies require a minimum of three company directors, two of whom must ordinarily reside in Australia. A permanent resident is thereby eligible to be a director of this type of company. A non-citizen could also be the third, non-resident director.

https://legalvision.com.au/can-a-permanent-resident-or-non-citizen-be-a-company-director/

PORT ADELAIDE FOOTBALL CLUB LIMITED ACN 068 839 547 (A Company Limited by Guarantee) - which makes Port a public company because the members guarantee and is recorded as such in the ASIC register.

 

[Lockhart Road]

Don't have to be a citizen to be a director in Australia. But Port's constitution says

http://s.afl.com.au/staticfile/AFL Tenant/PortAdelaide/Links and Files/PAFCconstitution.pdf
12.5 All Directors shall ordinarily reside within Australia.

The general law via the Corporations Act 2001.
https://legalvision.com.au/can-a-permanent-resident-or-non-citizen-be-a-company-director/

https://legalvision.com.au/can-a-permanent-resident-or-non-citizen-be-a-company-director/

PORT ADELAIDE FOOTBALL CLUB LIMITED ACN 068 839 547 (A Company Limited by Guarantee) - which makes Port a public company because the members guarantee and is recorded as such in the ASIC register.

Thanks REH.
Is there a legal definition for 'ordinarily reside'?
Determination on a case by case basis methinks. (In this case by the AFL?)
For example, an Australian citizen who is resident overseas, but is prepared to sign a statutory declaration that he or she 'regard Australia as my ultimate home and intend to resume residency in Australia at some stage in the future'. That was approximately the ancient definition, so I've been told.

 

[RussellEbertHandball]

Thanks REH.
Is there a legal definition for 'ordinarily reside'?
Determination on a case by case basis methinks. (In this case by the AFL?)
For example, an Australian citizen who is resident overseas, but is prepared to sign a statutory declaration that he or she 'regard Australia as my ultimate home and intend to resume residency in Australia at some stage in the future'. That was approximately the ancient definition, so I've been told.

None in Port's constitution. My guess if there is one in the Corporations Act it is the same or similar definition for tax purposes when it comes to residence. Ie if you ordinarily reside in Oz, then you pay Oz tax on your world wide income. If you don't ordinarily reside in Oz then you only pay tax on income earned in Oz, not your world wide income.

 

[RussellEbertHandball]

Thanks REH.
Is there a legal definition for 'ordinarily reside'?
Determination on a case by case basis methinks. (In this case by the AFL?)
For example, an Australian citizen who is resident overseas, but is prepared to sign a statutory declaration that he or she 'regard Australia as my ultimate home and intend to resume residency in Australia at some stage in the future'. That was approximately the ancient definition, so I've been told.

https://legalvision.com.au/can-a-permanent-resident-or-non-citizen-be-a-company-director/
Residency
To prove that someone ordinarily resides in Australia, they must be able to demonstrate that they have a regular, habitual mode of life in a particular place. The mode of life needs to be continuous and persistent but can permit temporary absences. A resident must have voluntarily chosen a place and have a settled purpose for being there.

Residency has important implications, most notably it determines where a person pays tax. That is why some people may choose to become residents of places with unusually low taxation rates or relatively few tax laws.

 

[Lockhart Road]

None in Port's constitution. My guess if there is one in the Corporations Act it is the same or similar definition for tax purposes when it comes to residence. Ie if you ordinarily reside in Oz, then you pay Oz tax on your world wide income. If you don't ordinarily reside in Oz then you only pay tax on income earned in Oz, not your world wide income.

https://legalvision.com.au/can-a-permanent-resident-or-non-citizen-be-a-company-director/
Residency
To prove that someone ordinarily resides in Australia, they must be able to demonstrate that they have a regular, habitual mode of life in a particular place. The mode of life needs to be continuous and persistent but can permit temporary absences. A resident must have voluntarily chosen a place and have a settled purpose for being there.

Residency has important implications, most notably it determines where a person pays tax. That is why some people may choose to become residents of places with unusually low taxation rates or relatively few tax laws.

Got it and fair enough.
An Australian citizen resident in China, for example, though intending to return to Australia, can't be a board member of PAFC to help guide the Club in China unless they're paying taxes in Australia whilst they are a director.
As I said: fair enough.
So we need someone who has been - past tense - resident in China for long enough to qualify as an authority - i.e. a Chinese immigrant to Australia - and is now ordinarily resident in, and a 'tax resident' of, Australia.

 

[RussellEbertHandball]

Got it and fair enough.
An Australian citizen resident in China, for example, though intending to return to Australia, can't be a board member of PAFC to help guide the Club in China unless they're paying taxes in Australia whilst they are a director.
As I said: fair enough.
So we need someone who has been - past tense - resident in China for long enough to qualify as an authority - i.e. a Chinese immigrant to Australia - and is now ordinarily resident in, and a 'tax resident' of, Australia.

Yep. Or need someone like that guy I saw in a news report or two (and that great 3 part doco series about China and Oz relations with Tim Flannery and John "Rampaging Roy Slaven" Doyle) from BHP who had been in China for 29 years and is from South Oz, if he is a Port supporter of course. I am pretty sure he has moved back.

 

[El Zorro]

Carn, Mr Gui is way out of our league!

 

[proman_x]

Carn, Mr Gui is way out of our league!

With respect to you El Zorro, that type of thinking will keep us exactly where they want us.

Aim for the stars and maybe we will reach the sky! One thing about sport is it brings all levels of society together.