Gina Rinehart’s continued generosity towards Australia’s golden generation of swimmers may have spared the Seven Network a major broadcasting headache ahead of this year’s Commonwealth Games in Glasgow.
Australia’s richest person, Rinehart is worth an estimated $38 billion, according to the AFR’s 2025 Rich List. She has told members of the Dolphins squad she will again offer cash bonuses for medals won and world records broken in the pool at the Commonwealth Games.
According to a confidential Hancock Prospecting document sent to swimmers, seen by this masthead, it can be revealed that Rinehart will pay athletes $20,000 if they win a gold medal, $15,000 for silver and $10,000 for bronze as part of a “Patron’s Medal Achievement Incentive Fund”.
If a world record is broken, Rinehart will award $30,000. Individuals will receive $5000 if they are part of a gold medal-winning relay team.
Bonuses are paid to both able-bodied and para athletes who compete.
Previously, the quadrennial Commonwealth Games have served as the marquee event in that calendar year for Australia’s swimmers.
However, a scheduling squeeze involving this year’s Games (July 23 to August 2) and the Pan Pacific Swimming Championships in the United States (August 12 to 15) forced Swimming Australia to consider whether it could send its strongest team to both major events, given the tight turnaround.
Australian Olympic great Dawn Fraser (left) and Gina Rinehart in 2024.Credit: Getty Images
A weakened Dolphins squad in Glasgow would have been far from ideal for Channel Seven, which secured the broadcast rights last April to broadcast the 2026 and 2030 Commonwealth Games.
Seven suffered a blow last month with news that Australia’s most in-demand athlete, Gout Gout, had chosen to skip the Commonwealth Games to focus on the World Athletics Under 20 Championships – formerly known as the world junior championships – in Oregon in August.
Seven will broadcast that event, but losing Gout from Glasgow is a blow – particularly with Nine, owner of this masthead, opting to prioritise Olympic content.
Gout Gout won’t compete at the Commonwealth Games. Credit: Getty Images
Seven, however, is privately buoyed by Rinehart’s willingness to fund incentives for swimmers.
The Commonwealth Games – moved to Glasgow this year after the Victorian government withdrew as host – is also grappling with questions over its relevance, with the 2026 program reduced to 10 sports from the 19 in Birmingham four years ago. Para events will also feature in Glasgow.
Swimming Australia’s dilemma centres on the importance of Pan Pacs, a quadrennial event held in even years between Summer Olympics. The 2022 event was postponed to 2026 due to COVID-19.
It features swimmers from Australia, the United States, Canada and Japan, and serves as Swimming Australia’s “benchmark event” for athlete funding. The rivalry between Australia and the US is more appealing from a broadcast perspective than the competition the Dolphins will face at the Commonwealth Games.
From left: Mollie O’Callaghan, Emma McKeon, Chelsea Hodges and Kaylee McKeown after winning gold in the women’s 4x100m medley relay at the 2022 Commonwealth Games in Birmingham.Credit: AP
If a swimmer excels in Glasgow but performs poorly at Pan Pacs a fortnight later – the swimming program at the Commonwealth Games concludes on July 29 – it risks impacting their funding for the following year.
Rinehart’s latest offer adds a fresh layer to the Dolphins’ planning, with several Australian swimmers eager to capitalise on the financial upside of competing in Glasgow.
Many would have attended regardless, but the sport’s biggest names now have even greater incentive to do so.
Rinehart funds swimmers directly, not through Swimming Australia, and has done so for several years. Bonuses were offered at the 2023 and 2025 world championships in Fukuoka and Singapore, as well as for the Paris 2024 Olympics. She also pays swimmers who meet certain requirements an annual fee.
Ultimately, Swimming Australia’s high-performance staff will determine whether athletes can compete at both meets, according to informed sources. Although it is likely all the top swimmers will be involved in Glasgow, a final decision will not be made until later in the year.
However, Rinehart’s medal incentives might encourage those with big programs to compete in as many events as they can in Glasgow.
This masthead revealed last year that Canadian star Summer McIntosh, widely regarded as the world’s best female swimmer, was set to bypass the Commonwealth Games and focus on Pan Pacs.
Kyle Chalmers, who has close ties to Rinehart, is expected to race in Glasgow but skip the Pan Pacs due to parenting duties as his partner Ingeborg Løyning returns to competitive swimming.
Fellow Olympic gold medallists Mollie O’Callaghan, Kaylee McKeown, Cam McEvoy and Zac Stubblety-Cook are likely to compete at the Commonwealth Games.
Summer McIntosh will skip the Commonwealth Games in Glasgow to prioritise the Pan Pacs in the USA. Credit: Getty Images
One option under consideration is for Australia’s leading swimmers to compete at the Commonwealth Games while still in heavy training, before tapering into peak condition for Pan Pacs to take on the Americans.
The situation also sets up an intriguing broadcast divide.
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Nine will televise the Australian trials in Sydney in June, which double as selection events for both the Commonwealth Games and Pan Pacs. However, Nine will only broadcast the Pan Pacs, as part of a long-term rights deal with Swimming Australia and the International Olympic Committee, through to Brisbane 2032.
It won’t be in Nine’s interest to promote the Commonwealth Games, and the network would privately prefer Australia’s biggest names prioritise the Pan Pacs.
A spokesperson for Rinehart, via Hancock Prospecting, declined to comment on the proposed incentives.
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