Australians’ Patron Pays Athletes Directly In Order To Follow The Money

Last month we reported how Australia’s richest person, longtime Swimming Australia patron Gina Rinehart, would continue to support the organization’s athletes from a financial assistance perspective.

The monetary support will be spread across 3 distinct pools, including Patron’s Tokyo Enhancement Payment, Hancock Prospecting Virtual Prize Money Pool, and extended Hancock Prospecting Quarterly Swimmers Support Scheme Payments. You can read more details about these funding segments in our original report here.

However, unique to Rinehart’s financial support moving forward is the fact that the mining magnate has insisted the monetary contributions be made directly to athletes themselves, as opposed to going through Swimming Australia.

“Trying not to speak on her behalf,” departing Swimming Australia CEO Leigh Russell told The Daily Telegraph, “but I think the sentiment was that she wanted to ensure that every single dollar went straight to athlete support.

“That was her preference of how to structure it and it was ours, too.”

The additional funding is coming at a time when nearly all of the would-be Australian International Swimming League (ISL) participants withdrew from season 2 due to their nation’s travel restrictions. In response, the ISL released a statement prior to the season 2 kickoff, criticizing what the league called “bullying” by unspecified national federations.

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Troyy
1 month ago

Yes, I’m sure it was SA’s preference too. 🙄

Verram
1 month ago

Lol that’s weird that she doesn’t trust swimming australia to handle the funds .. maybe her contributions get sucked up by “admin fees” in SA books

Corn Pop
1 month ago

It’s a very West Australian thing t o do . Ppl thoroughly enjoyed it’s closed borders & 25% want to secede.

Troyy
Reply to  Corn Pop
1 month ago

They really should. The mining $$ are already drying up.

Corn Pop
Reply to  Troyy
1 month ago

It was WA export of minerals with record prices for ore & gold that gave Australia a record trade surplus during Covid . That is something .
Also despite the yuuuge territory & indigenous vulnerability , not one case of local.Covid .

Remarkable management . Plus Perth has dog beaches.

Verram
Reply to  Corn Pop
1 month ago

Even more reason for WA to Knick off so they can be even more isolated than they already are

Corn Pop
Reply to  Verram
1 month ago

I think they will be taking SA & NT with them . Thus ALL the camels . You will have none.

About Retta Race

Retta Race

After 16 years at a Fortune 1000 financial company, long-time swimmer Retta Race decided to change lanes and pursue her sporting passion. She currently is Coach for the Northern KY Swordfish Masters, a team she started up in December 2013, while also offering private coaching. Retta is also an MBA …

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