I don’t understand why you say HKDL and SDL can afford and TDO can’t afford. It is very clear that HKDL can’t afford to keep maintaining losses 3 years straight with their majority stake and required portion of expansion as owned by the HK government as shared by Disney as the minority. SDL is also majority owned by the Chinese government, but they obviously have deeper pockets and obviously an instant success compared to HKDL.
TDO is extremely successful and CAN afford to expand because it’s beyond successful.
We can say HKDL and Paris can’t afford because they are money losing operations and need to save as much as possible, but the examples of Mystic Manor and Ratatouille show that this is absolutely not the rule and reality.
Governments like Anaheim are playing hardball, but they will lose if Disney takes it’s balls. HKDL can lose it all, but so will Disney. For GMTM to suggest Disney can never own HKDL is not realistic. Keep losing money. Then the HK government will have cold feet about wasting public money on a theme park. Disney enters into these partnerships because it’s a easy and cheaper way to launch a theme park in a new region. Eventually, it doesn’t go as planned. Or maybe Disney was outmaneuvering Hong Kong as it builds a new park in Shanghai in a new government partnership. It’s a win win.
As for clones, it’s irrelevant. So there’s your logic.