Dirt Money wokewashing backfires

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Athletes have rejected Australia’s tsunami of Dirt Money:

Netball Australia is in financial peril and facing a potential $25m sponsorship crisis after a player union revolt led to Hancock Prospecting walking away from the sport, with the possibility more key sponsors could follow.

The company of mining billionaire Gina Rinehart pulled its $15m sponsorship on Saturday and there are fears it could balloon to a greater financial loss for the sport, as current and future sponsors may be put off from backing netball due to the players’ stance on issues.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.