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How Did the Australian Businessman Die?

Netflix’s “Unknown: Race of the Century” tells the story of a team of underdogs who managed to win the America’s Cup, home of the New York Yacht Club for 132 years. When Australian skipper John Bertrand started thinking about his plans to win the Cup, he realized that strong financial backing was the most critical aspect.

Bertrand needs funding, and he needs to be someone who shares his dreams and is willing to do whatever it takes to win the game. Alan Bond turned out to be that person. While the Netflix documentary focuses solely on Bond’s role in securing victory in Australia II, there’s a lot more to his story that isn’t told. If you want to know more about him, we are here for you.

Why did Alan Bond go to jail?

While Alan Bond rose to prominence after being part of the historic Australia II victory, the turmoil in his personal and professional life also remained in the public eye. All was well for him at around 83. The British-born Australian businessman was named Australian of the Year and his fortunes increased overnight after his team won the Copa America. However, in 1992, when Bond declared bankruptcy after amassing $194 million in loans, the tide turned.

Image credit: Channel 10/Youtube

With his other debts, the total would be around $1.8 billion. The arrest took place in 1997, although his family helped him get by. Bond was jailed for seven years for embezzling $1.2 billion from Bell Resources to keep the company bleeding at a loss. He pleaded guilty, served approximately four years in prison, and was released in 2000. After his release, Bond wasted no time and actively pursued other businesses that landed him on the “200 Rich List” of Business Review Weekly in 2008.

How did Alan Bond die?

Alan Bond died on June 5, 2015 at the age of 77 following open-heart surgery. He is buried in Fremantle Cemetery in Melville, Western Australia. His children John, Craig and Jody are alive with his first wife, Erin Hughes. Their fourth child, Susanne, died in 2000 of a suspected accidental overdose of a prescription drug, according to reports. In 1995, three years after divorcing Erin, Bond married Diana Bliss. Sadly, it ended tragically in 2012 when the theater producer and PR consultant was found dead in a swimming pool.

Although there have been many ups and downs in Bond’s life, it has not overshadowed his accomplishments. In 1984 he was made an Officer of the Order of Australia, but was stripped of that honor when his crimes came to light. He founded Australia’s first private not-for-profit university, Bond University. Bond was also inducted into the America’s Cup Hall of Fame in 2003. Although his public image may be briefly tarnished, he is fondly remembered by friends and family.

John Bertrand maintained a good relationship with Bond throughout his life. Speaking of him, Bertrand Explain, “He’s one of the most amazing marketers you can imagine. He still has three contracts going on, even now…he considers himself a 10% man. He went on to explain that the experience of the Copa America in 1983 had radically changed their relationship.” My relationship with Allen is like the Copa America, I never worked for him, I worked with him, that’s what I always felt and c is important,” he said.

Bertrand added: “It’s really different working for someone, so we’re partners, you know in many ways. My relationship has always been the America’s Cup, we’re blood brothers – you know, we’ve been through hell and then we’re together again.” Bond’s children remember him as someone who has been through a lot of ups and downs in his life, which is why he may seem like a “self-made legend who has done a lot”.

Indeed, Bond’s life may indeed be the perfect fodder for a Hollywood film. The storyteller didn’t lose the potential of his story and they released a TV mini-series titled “Bond House” in 2017. It’s a highly fictionalized version of his life and also drew criticism from his relatives. Still, it shows Alan Bond as a complex, layered person.

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