D-Day has arrived for Swimming Australia with the organisation facing expulsion from world swimming.
With the governing body heading into a special general meeting on Friday, the sport has been rocked again by extraordinary reported claims surrounding Australia’s richest woman Gina Rinehart.first reported Rinehart’s decision to step away from funding the governing body — to instead focus on payments given directly to individual athletes — has created a gaping hole the sport has not been able to recover from.of her estimated $37.
However, new details of her expanding sponsorship program have now been revealed by Code Sport with 92 elite swimmers now receiving funding through the Hancock Prospecting Swimmer Support SchemeThe dark side to Rinehart’s switch to focus on financially supporting individual athletes is that Swimming Australia has been left with a gaping hole of a $7 million sponsorship short fall since Rinehart’s decision to quit on the governing body two years ago.
According to the report, Rinehart took issue with what she claims is a lack of transparency surrounding her financial contributions ending up in the hands of individual athletes. Swimming Australia called for the meeting in August when World Aquatics found the organisation was violating the global swimming body’s constitution.
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