Australian tycoon Rinehart to give $10 mln to swimmers | Bangkok Post: news

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Australian tycoon Rinehart to give $10 mln to swimmers

Australian mining billionaire Gina Rinehart on Friday said she would splash out Aus$10 million (US$10.4 million) to support the country's leading swimmers, who are reeling from a poor Olympic campaign.

This file photo shows swimmers practicing during an open training session at the Susie O'neill pool, during the 12th FINA World Swimming Championships in Melbourne, in 2007. Australian mining billionaire Gina Rinehart on Friday said she would splash out Aus$10 million 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.

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