X Close

Archives

Saturday November 24, 2012

Australian tycoon puts A$10mil in pool for 2016

SYDNEY: Australian mining billionaire Gina Rinehart Friday said she would splash out A$10mil (US$10.4mil) to support the country’s leading swimmers, who are reeling from a poor Olympic campaign.

The announcement by Rinehart’s Georgina Hope Foundation comes a day after Swimming Australia chief Kevin Neil quit his post in the wake of the team’s disappointing showing in London - it’s worst Olympic meet in two decades.

“The foundation will focus on providing subsistence funding, squad funding, scholarship funding and performance funding,” foundation chairman Rinehart said in a statement issued by Swimming Australia. — AFP

advertisement

  1. Missing Air Algerie plane from Burkina Faso has crashed - Algerian official
  2. Missing Air Algerie flight reported crashed
  3. Search for missing Air Algerie plane carrying 116 people
  4. Air Algerie loses contact with plane over west Africa
  5. US teenager who was circling globe in plane dies in crash
  6. MH17: Victims remembered at Glasgow games opening
  7. Grandma robbed, stabbed to death, with granddaughter in next room
  8. MH17: 'Mummy, I am back to being alone'
  9. TransAsia Airways plane crashes in typhoon-hit Taiwan, 47 dead
  10. Woman bashed up after honking error

advertisement

advertisement