Let me remind you of what you said.
You then went on to say this.
Tl;Dr. You said rugby league will not develop a fanbase in Adelaide unless the NRL invests its resources into building the game at the grassroots level alongside an NRL team that's based in the region.
To the best of my knowledge, no one from the commercial sector has expressed an interest in bidding for a team in Adelaide over the last 25 years.
The only reason we got the Rams in 1997 was because News Ltd were two teams short of what they wantes. They created the Hunter Mariners and Adelaide Rams from scratch. Then they shut them down to create the Melbourne Storm, which I'll come back to later.
The NRL released a media statement this year stating their intent is to add another three teams to the competition before the 2032 Olympics. No one from the commercial sector has come forward to express an interest in bankrollong an Adelaide NRL team. There was a very brief segment on the news in Adelaide covering the media statement. The reporter referred to the game as "rugby".
We've seen the WA Gov express strong interest in fielding a team in the NRL. They travelled to Magic Round last year to talk about the subject with V'landys. They released a press conference a few weeks ago stating they want a team in the NRL.
Brisbane Tigers expressed their intent to bid for the 18th licence since that time, too.
You're just going to have to accept that there's zero interest from the corporate sector to bankroll an Adelaide-based NRL team. In other words, the only way we'll see a team in Adelaide is if the ARLC creates it from scratch and runs it until some one is willing to buy the licence.
The Melbourne Storm were created in house by News Ltd when they had a 50% stake in the ARL. The Storm required $100m from News Ltd and the ARLC over their first 20 years to become commercial viable.
An Adelaide NRL team would need a high performance training centre. That would cost at least $10m. The NSW Gov spent tens of millions on Parramatta's high performance training centre.
No one from the corporate sector is willing to stump up the money needed to bankroll an Adelaide team. Neither has the SA Gov expressed any interest. The only way an Adelaide team will come to fruition is if the ARLC creates it from scratch.
Clubs run on an operating budget of at least $25m. The bigger clubs run on $35-40m. The grant provided about $14m in 2020. It's higher now, but only by a few million. An Adelaide club would need to generate at least $8-10m from football operations to stay afloat. Not easy given they'll be in a small market where there's a great deal of apathy towards our game.