Billionaire Cuts Off Support to Swimming Australia After Frustrations with Federation ...Middle East

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Billionaire Cuts Off Support to Swimming Australia After Frustrations with Federation
By Riley Overend on SwimSwam Add Gina Rinehart to the list of those who have apparently lost faith in Swimming Australia. The 69-year-old Australian billionaire has reportedly stopped contributing money to Swimming Australia for the past two years — instead supporting 92 elite swimmers with direct payments through the Hancock Prospecting Swimmer Support Scheme — leaving the federation with a $7 million shortfall in sponsorship revenue. According to a report by News Corp, Rinehart cut ties with Swimming Australia because athletes were receiving their payments late and she didn’t feel like she had a voice in the organization. The 69-year-old also asked the Swimming Australia board to add a del

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