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Billionaire dumps Australia netball team in dispute over father’s racist comments | CNN

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Billionaire dumps Australia netball team in dispute over father’s racist comments | CNN


Brisbane, Australia
CNN
 — 

When Australia’s richest lady Gina Rinehart threw a monetary lifeline to Netball Australia, she triggered a debate about sponsorships and the position of social and political points within the sporting sphere. Then she walked away.

Rinehart’s bombshell resolution to withdraw a 14 million Australian greenback ($8.9 million) sponsorship deal for the Diamonds, Australia’s nationwide netball crew, caught the gamers off-guard and struck a blow to the way forward for Netball Australia – a sporting physique mired in debt.

The drama engulfing the Diamonds isn’t new, however consultants say disputes may turn into extra frequent as athletes and followers take a stronger stance on the supply of sponsorship cash.

Final week, high-profile followers of the AFL’s Fremantle Dockers urged administration to sever ties with long-term sponsor, fossil gas firm Woodside, over its carbon emissions.

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In the meantime, Australian take a look at cricket captain Pat Cummins reportedly raised points with Cricket Australia’s cope with Alinta Vitality, for a similar causes.

For members of the Diamonds, the objections centered on racist feedback made nearly 40 years in the past by Rinehart’s father, Lang Hancock, the founding father of her firm Hancock Prospecting.

Rinehart is a prolific supporter of Australian sports activities groups and usually earns reward for her sponsorship offers. Final 12 months, Olympic swimmer Cate Campbell reportedly mentioned that Rinehart had “saved swimming.”

However Kevin Argus, a lecturer in advertising and marketing from RMIT College, mentioned Rinehart’s resolution on Saturday to tug funding from Netball Australia was a “misplaced alternative” to “embrace the nationwide temper.”

“In Australia, we’ve got witnessed many massive highly effective firms profit enormously from constructive associations with sport and withdraw their funding assist as quickly as a difficulty arises with athletes,” he informed CNN Sport.

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“The Diamonds athletes raised issues about being seen to be supporting a legacy of Aboriginal discrimination. Some have expressed issues in regards to the surroundings.

“These are main points as we speak that received’t go away,” he mentioned.

On the heart of the controversy is Noongar lady Donnell Wallam, a rising star who is ready to make her debut this week as solely the third Indigenous netball participant to characterize Australia.

Wallam had reportedly expressed reservations about carrying the Hancock brand because of feedback Rinehart’s father made about Australia’s First Nations folks.

Throughout a televised interview in 1984, Hancock mentioned he’d “dope the water up so that they had been sterile and breed themselves out.”

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His phrases are a darkish reminder of racist attitudes towards Indigenous folks, and although Rinehart promotes her longstanding assist of Aboriginal communities by mining royalties and charities, she has by no means publicly condemned her father’s statements.

Wallam’s teammates have rallied round her, and when the crew ran onto the courtroom to play New Zealand within the Constellation Cup final week, they wore their previous uniforms, with out the Hancock brand.

Within the assertion on Saturday, Rinehart and Hancock Prospecting mentioned there was no requirement for the Diamonds to put on the brand through the New Zealand video games and they didn’t refuse to put on it.

The assertion mentioned Hancock’s majority-owned mining firm Roy Hill would additionally pull its assist of Netball WA, a state netball physique, as the 2 firms “don’t want to add to Netball’s disunity issues.”

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Each Netball Australia and Netball WA can be provided 4 months of funding whereas they discover new companions, the assertion added.

Individually, Rinehart and Hancock appeared to take a swipe on the gamers by saying they think about it “pointless for sports activities organisations for use as a automobile for social or political causes.”

“There are extra focused and real methods to progress social or political causes with out advantage signalling or for self-publicity,” the assertion added.

On Monday, Kathryn Harby-Williams, CEO of the Australian Netball Gamers’ Affiliation informed the Australian Broadcasting Company that Wallam had requested for an exemption to not put on the brand and was refused.

“In the long run, sadly, Donnell discovered the stress an excessive amount of and determined that she would put on the brand.”

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However it was too late.

Gina Rinehart poses in Western Australia in this undated handout photo obtained in January, 2018.

Netball Australia has made no secret of its monetary difficulties. Regardless of being the preferred crew sport in Australia with 1.2 million gamers, it made a loss final 12 months of 4.4 million Australian {dollars} ($2.8 million).

Netball Australia CEO Kelly Ryan informed 9 Information the lack of Hancock sponsorship was “disappointing” however a “robust stability” must be struck between social points and funding.

“There’s a actually necessary position that sporting organizations do play from grassroots proper by to the elite to create a protected surroundings to have actually robust social conversations,” Ryan mentioned.

“However there additionally must be a stability when it comes to the business realities of that as properly.”

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In a statement, the gamers mentioned they had been “dissatisfied” with Hancock’s resolution to withdraw sponsorship and thanked different sponsors for his or her ongoing assist.

The assertion added: “Reviews of a protest on behalf of the gamers, on environmental grounds, and a break up throughout the enjoying group are incorrect. The singular concern of concern to the gamers was certainly one of assist for our solely Indigenous crew member.”

Vickie Saunders, founding father of The Model Builders, says Wallam’s objection to carrying the Hancock brand was deeply private, and never a matter of a participant utilizing their public profile to advertise a political trigger.

“Her 60,000-year-old tradition will let you know that it’s necessary. Her 200 years of survival, and her fellow Indigenous folks will let you know it’s necessary,” Saunders mentioned.

“She has a really private cause for not desirous to put on a brand that represents an individual who mentioned that her folks ought to be sterilized or bred out,” she mentioned. “This isn’t a brand new concern for her. That is her life.”

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A truck drives past machinery at Hancock Prospecting Pty's Roy Hill Mine operations in the Pilbara region, Western Australia.

Hancock Prospecting was based in 1955 and retains pursuits in iron ore, coal, and mineral exploration, in addition to beef and dairy.

The corporate additionally funds companies for distant and rural Aboriginal communities, together with well being and education schemes, and Rinehart is a well-recognized face in elite sporting circles.

The billionaire sponsors Swimming WA, Swimming Queensland, Volleyball Australia, Rowing Australia and Creative Swimming Australia, and lately struck a deal to sponsor the Australian Olympic Crew till 2026.

This week, in response to debate surrounding the Diamonds, lots of these sporting our bodies launched statements lauding Rinehart’s dedication to sport.

“Mrs Rinehart’s selfless dedication to girls’s sport deserves the accolades of our nice sporting nation,” mentioned Craig Carracher, president of Volleyball Australia. Swimming Queensland CEO Kevin Hasemann mentioned he discovered “the damaging characterization in some quarters of Mrs Rinehart’s new sponsorship of one other sport regrettable.”

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The Australian newspaper additionally weighed in with an editorial saying there was no room for “cancel tradition” – “to sacrifice Mrs Rinehart due to feedback made a long time in the past by her father, Lang Hancock, is a bridge too far.”

The Netball Australia sponsorship deal would have been value 3.5 million Australian {dollars} ($2.2 million) per 12 months for 4 years – an nearly negligible quantity for a corporation that posted a 7.3 billion Australian greenback ($4.6 billion) revenue in 2021 on the again of hovering iron ore costs.

Kim Toffoletti, an affiliate professor of sociology at Melbourne’s Deakin College, mentioned for much less established sports activities, it may be troublesome to say no to any supply of sponsorship.

“Their livelihoods are on the road … it’s very laborious to show that down that form of cash as a result of that retains your sport viable,” Toffoletti informed CNN Sport.

“I don’t see it as a failure of the game however perhaps a system during which sure sports activities are economically and culturally rewarded over others, which implies that there are various that do miss out.”

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At the moment’s up and coming sports activities stars are members of Gen Z, born within the late Nineteen Nineties to round 2010, whose attitudes could differ from the executives operating established sporting our bodies and large title manufacturers.

Consultants say sponsors can’t anticipate younger athletes to align themselves with their values.

“A few of these sports activities have gotten very old style enterprise fashions, that are constructed most likely round 30-40 years in the past in a unique period,” Andrew Hughes, a advertising and marketing skilled from the Australian Nationwide College, informed CNN Sport.

“However now we put a whole lot of worth on what manufacturers stand for, what they characterize. I feel we see that mirrored in how the athletes themselves assume.”

Saunders, from The Model Builders, mentioned athletes are realizing that defending their private model is extra necessary than falling into line with the values of their sponsors.

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“Your model is definitely your most beneficial asset as a result of after the sport, or after your profession, that’s the factor that you simply get to take with you into employment or different alternatives in life,” she mentioned.

And that’s particularly necessary for gamers who aren’t incomes huge cash – like netballers – who want to search out one other supply of earnings when their sports activities profession is over, Saunders added.

Kevin Argus from RMIT College mentioned Rinehart’s response to the talk – to cancel the contract – demonstrates “reactive resolution making” that’s counterproductive for a corporation searching for to win public assist.

He mentioned a greater possibility would have been to interact with the gamers, as a mentor would in a office, to raised perceive their values and the way they will work collectively for the good thing about each events.

“Exiting sponsorships when athletes behave as regular functioning human beings demonstrates reactive resolution making and shines a light-weight on the necessity for bolder, transformative management,” he mentioned.

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“When performed properly, sport sponsorship is model reworking for each the game and sponsor.”

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Read the Letter to the Inspectors General

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Read the Letter to the Inspectors General

Your investigation of these allegations is consistent with the IG’s mission to prevent waste, fraud, and abuse in federal agencies, and can help determine if politically connected crypto interests are undermining our national security. As Congress considers legislation on the market structure for digital assets, we must ensure that cryptocurrencies like USD1 are not providing the President and senior officials with the ability to line their pockets at the expense of the public interest.

The following facts have been reported in multiple outlets regarding Mr. Witkoff:

• Mr. Witkoff’s son Zach Witkoff is the CEO of World Liberty Financial (WLF), which the President’s family owns a majority stake in.³
• Beginning in January, one of Sheikh Tahnoon’s employees, Fiacc Larkin, joined WLF as the “chief strategic advisor” while continuing to work at G42, an AI investment firm owned by Sheikh Tahnoon that, according to the U.S. intelligence community, works closely with Chinese military companies.4



On May 1, 2025, Zach Witkoff announced that MGX, a state-owned investment firm controlled by Sheikh Tahnoon, had agreed to use a WLF-issued stablecoin, USD1, to make a $2 billion investment in Binance. As a result of this deal, WLF stands to reap hundreds of millions of dollars in transaction fees from MGX, and more from the returns on any investments it makes with the $2 billion deposit.³
As of August, Mr. Witkoff maintained a financial interest in WLF and thus stands to personally benefit from his son’s business dealings with the UAE.6 Nevertheless, he did not recuse himself from deliberations regarding the UAE, which may violate federal ethics law.

The following facts have been reported about Mr. Sacks:







He is a special government employee who continues to serve as a “general partner” at his venture capital fund, Craft Ventures.

8

The Abu Dhabi Investment Authority, an Emirati sovereign wealth fund controlled by Sheikh Tahnoon, was an early investor in Craft Ventures and continues to hold an investment in the fund.
In addition, Craft Ventures is invested in BitGo, which has partnered with WLF to provide the technical infrastructure for USD1. If BitGo’s valuation grows, based on the UAE’s investment into USD1, Mr. Sacks and his firm stand to benefit.

3 Yahoo Finance, “Trump family reportedly has a 60% stake in the World Liberty Financial,” Anand Sinha, March 31, 2025,
https://finance.yahoo.com/news/trump-family-reportedly-60-stake-172742661.html.
4 New York Times, “Inside U.S. Efforts to Untangle an A.I. Giant’s Ties to China,” Mark Mazzetti and Edward
Wong, Nov. 27, 2023, www.nytimes.com/2023/11/27/us/politics/ai-us-uae-china-security-g42.html.
5 New York Times, “At a Dubai Conference, Trump’s Conflicts Take Center Stage,” David Yaffe-Bellany, May 1, 2025, https://www.nytimes.com/2025/05/01/us/politics/trump-cryptocurrency-usd1-dubai-conference-

announcement.html.

6U.S Office of Government Ethics, Form 278e for Steven C. Witkoff, August 13, 2025, p. 23, https://static01.nyt.com/newsgraphics/documenttools/090d0de07e1d2fdf/bbf02867-full.pdf.

18 U.S.C. § 208.

8 White House, “Limited Waiver Pursuant to 18 U.S.C. § 208(b)(1) Regarding A.I. Assets,” June 2025,
https://www.whitehouse.gov/wp-content/uploads/2025/06/David-Sacks.pdf.

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Farage refuses to criticise Trump over paracetamol despite health experts dismissing autism claims

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Farage refuses to criticise Trump over paracetamol despite health experts dismissing autism claims

Nigel Farage has refused to criticise Donald Trump’s claims that paracetamol, sold in the US as Tylenol, could cause autism, insisting “science is never settled” and he would never “side with” medical experts.

The Reform UK leader said he had “no idea” if the US president was right to tell pregnant women to avoid taking acetaminophen, also known as Tylenol and paracetamol, and suggesting that those who could not “tough it out” should limit their intake.

Scientists and global health agencies including the World Health Organization have strongly dismissed Trump’s false claims, calling them misguided and saying the evidence linking paracetamol use in pregnancy and autism was “inconsistent”.

The UK’s health secretary, Wes Streeting, told the British public they should not “pay any attention whatsoever to what Donald Trump says about medicine”, adding: “I trust doctors over President Trump frankly, on this.”

But in a wide-ranging interview with LBC’s Nick Ferrari, Farage was asked directly if Trump was right to share those unproven claims. He said: “I have no idea, I’ve no idea. You know we were told thalidomide was a very safe drug and it wasn’t. Who knows Nick, I don’t know.

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“He [Trump] has a particular thing about autism. I think because there’s been some in his family, he feels it very personally. I’ve no idea.”

When Farage was asked if he would side with medical experts who say it is dangerous to make the link, he added: “I wouldn’t. I wouldn’t. When it comes to science, I don’t side with anybody, right? You know? I don’t side with anybody, because science is never settled. We should remember that.”

Yet when challenged over whether it was irresponsible for Trump to make such an unproven claim, Farage said: “That’s an opinion he’s [Trump’s] got. It’s not one that I necessarily share.”

Farage’s refusal to condemn Trump’s claims comes weeks after a controversial doctor, Aseem Malhotra, was given top billing at Reform UK’s party conference and used his main-stage speech to claim the Covid vaccine caused cancer in the royal family. Malhotra is an adviser to Trump’s health secretary, Robert F Kennedy.

In the same interview, Farage said Trump was “right to say” that sharia law “is an issue in London”.

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“Never take what he [Trump] says literally, ever on anything. But always take everything he says seriously,” Farage said, adding: Trump “has a point.”

“So is he right to say that sharia is an issue in London? Yes. Is it an overwhelming issue at this stage? No. Has the mayor of London directly linked himself to it? No.”

Labour MPs have urged Keir Starmer to reprimand Trump’s administration after the US president falsely claimed in a speech to the United Nations: “I look at London, where you have a terrible mayor, terrible, terrible mayor, and it’s been changed, it’s been so changed.

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“Now they want to go to sharia law. But you are in a different country, you can’t do that.”

Trump has been publicly attacking the London mayor, Sadiq Khan, since 2015 when the Labour politician criticised Trump, the then presidential candidate, for suggesting that Muslims should be banned from travelling to the US.

A spokesperson for Khan said: “We are not going to dignify his appalling and bigoted comments with a response. London is the greatest city in the world, safer than major US cities and we’re delighted to welcome the record number of US citizens moving here.”

During the LBC phone-in, Farage also said Reform’s plan to ban anyone who was not a UK citizen from claiming benefits would not apply to Ukrainians and Hongkongers.

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“No, because they come for different reasons,” Farage said, adding those who had lived in the UK on indefinite leave to remain and had not worked or paid into the system would be told their benefits would be cut.

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Alphabet market value exceeds $3tn

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Alphabet market value exceeds tn

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Alphabet’s market capitalisation surged above $3tn for the first time on Monday on the back of a sharp rally for the search giant’s shares over the past few weeks.

Shares in Google’s parent company have climbed more than 30 per cent to a record high of $252 since the group posted double-digit growth in revenue and profit in quarterly results out in late July.

The rally means Alphabet joins Nvidia, Microsoft and Apple as the only US companies valued above $3tn. Chipmaker Nvidia in July became the first company to hit a $4tn market value.

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