Eddie Thomas is known for his ability to bring new life to an industry that has lost much of its charm over the past decade.
But the former Australian cricketer, who won the Ashes with England in 2008, and sports agent Eddie Kaye have made it their business to bring the sport back to life in the West Australian city of Adelaide.
They have made a splash with their sale of the city’s Olympic Stadium for $2 billion, with the winning bid of $25 million from the then state government.
“Eddie and Eddie Kayes are known for being a world class team builder and they are very excited about the prospects of the West Adelaide stadium,” said a statement from the Adelaide Football Club.
The sale of one of the country’s most iconic sporting landmarks for $25m, along with the city council’s support, has helped the two businessmen and their companies create an exciting new arena and stadium complex that will be able to host football, cricket, rugby league, hockey, basketball and other sports.
Eddy and Eddie have been in a relationship for nearly two decades and have been working on a number of projects, including redeveloping the city.
He has also been involved in numerous other businesses in South Australia, including a number in the construction sector, including the construction of the new stadium for the Adelaide Oval.
While the sale of Adelaide’s Olympic stadium is significant, the deal is not yet complete and it is unclear if the deal will be successful.
There is a lot of work to do and it’s important that everyone who knows Eddie knows the value of his services.
Eddie has been a friend of the Adelaide city for many years and is very excited to help the city through this process, which he is very passionate about.
“Emmett and I are in a great place together and we are very much committed to bringing the Adelaide City of Football back to glory, but the final piece is for the city to realise the value and the success of the stadium, which is the reason we need to sell it to the public,” Mr Thomas said.
It is understood that the deal has been completed with the council’s blessing, and the stadium is expected to be completed in the coming months.
However, it is understood the city may want to delay the completion of the project to allow the council time to review its plans and to ensure the public can benefit from the stadium.
According to the Adelaide Evening News, the city and the council are still “working through the final details”.
“The city and council are determined to complete the stadium,” Mayor Michael Burns said.
“We will now work closely with Eddie and his team to get the stadium built and ready for the 2019 season.”
The stadium is going to be a world-class facility that will create jobs for local residents, tourists, businesses and the city.
“”It will also provide a much-needed boost to the economy and generate a significant amount of revenue for the state and region,” he said.
The city has long been under pressure to develop the Olympic stadium, with South Australia’s economic fortunes being dependent on the sport’s success.
Mr Thomas said the stadium had been undervalued by the city, and that he and his partners were hoping the sale would help secure the investment required to bring back the game to the state.”
We are hoping the stadium will generate around $1 billion to $1.5 billion in revenue and create jobs, which we will then use to support the city of South Australia,” he told the Adelaide Advertiser.
Adelaide’s mayor and council have been pushing to secure the stadium as a key asset for the City of Adelaide, which currently relies on public funding.
Last year, the council received a $25.2 million grant from the Australian government to build a new football stadium at the stadium site.
In March, the state government allocated $250 million in infrastructure funding to the city that will include a new basketball arena, a stadium, offices, a school, a park and a new shopping precinct.
Local media reported that the city had been negotiating a deal with a private developer to build the stadium and a deal was signed with Mr Thomas and his company in October.
As part of the deal, Mr Thomas is expected pay around $10 million in relocation and other fees.
A spokesman for the Australian Olympic Committee (AOC) confirmed that the team would be playing at the new football venue in 2019.
For more on the deal that will make the Olympic Stadium the biggest stadium in South Australian history, check out our article from earlier this year.