Gina Rinehart's withdrawal leaves Swimming Australia in turmoil
Billionaire cuts support over late athlete payments
Constitutional reforms at risk
Swimming Australia is facing a major crisis after billionaire Gina Rinehart withdrew her support from the organization. Rinehart, Australia's richest woman, made the decision after Swimming Australia failed to make payments to athletes on time.
Rinehart's withdrawal is a major blow to Swimming Australia, which has been struggling financially in recent years. The organization is now facing a budget deficit of $4 million and is at risk of losing other sponsors.
The crisis has also raised questions about the future of Swimming Australia's constitutional reforms, which were designed to give athletes and coaches more say in the organization. Rinehart has said that she will not support the reforms unless they are supported by the athletes and coaches.
The crisis at Swimming Australia is a major setback for the sport in Australia. The organization is now at a crossroads and it is unclear what the future holds.
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