Shane Warne Foundation shut down amid government probe
Australian cricket legend has 'nothing to hide' as charity's finances come under scrutiny
The Shane Warne Foundation is to close amid an official investigation into the charity's financial and reporting practices.
The Australian cricketer established his philanthropic foundation in 2004 but its operations came under scrutiny from the Consumer Affairs Victoria (CAV) watchdog last October, after it failed to submit an annual statement.
A spokesperson for CAV told the Australian media last week that it had "made a number of requests for the required financial information, however, what was provided was not sufficient. Because of this, on 24 December 2015 the director of CAV... issued a formal request with The Shane Warne Foundation for an independent auditor's report on its fundraising activities for the past three-and-a-half years".
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
According to The Guardian, the audit is scheduled for completion at the end of February, but the foundation has already made the decision to cease operations, citing "recent, unwarranted speculation".
When news of the CAV investigation broke, Warne posted a message on Facebook strongly denying any impropriety. "This is a disgrace and absurd," he said in a 600-word statement. "We have absolutely nothing to hide... go through everything you want at anytime as we have nothing to hide, but you pay for it, as the foundation would rather spend the 10,000 dollars on children in need than on an audit."
He added that the foundation, which boasts film star Russell Crowe and actress Elizabeth Hurley as its patrons, had distributed $3.8m (£1.8m) of the $7.8m (£3.8m) it had raised in its existence. Before it winds up, the total amount given away would exceed $4m (£1.9m).
The Guardian reports that financial records obtained by Fairfax Media last November allegedly reveal that the charity "raised $1.8m between 2011 and 2013 but donated an average of only 16 cents per dollar to institutions caring for sick and underprivileged youth". The foundation disputes these figures, saying the average amount donated was 30 cents per dollar in 2014.
Fairfax also claims that Warne's brother, Jason, the foundation's chief executive, received in one year a "salary of $80,000 [£40,000] but only distributed $54,600 [£27,000] to its beneficiaries". In addition, there are allegations that more than $300,000 (£149,000) was spent on hospitality and prize-giving even though the charity was posting sizeable annual losses.
Despite his decision to close the foundation, Warne has gone on the offensive, declaring his dismay at the "malicious attacks and false allegations about the Shane Warne Foundation".
He said: "It's a real shame that certain journalists are continuing this ridiculous crusade/personal vendetta against the foundation."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Geoff Capes obituary: shot-putter who became the World’s Strongest Man
In the Spotlight The 'mighty figure' was a two-time Commonwealth Champion and world-record holder
By The Week UK Published
-
Israel attacks Iran: a 'limited' retaliation
Talking Point Iran's humiliated leaders must decide how to respond to Netanyahu's measured strike
By The Week UK Published
-
Crossword: November 2, 2024
The Week's daily crossword puzzle
By The Week Staff Published
-
Mason Greenwood: footballer arrested on suspicion of rape and assault
Speed Read Man Utd confirm the striker will not train or play until further notice
By The Week Staff Published
-
Handball: swapping bikini bottoms for tight pants
Speed Read Women competitors will be required to ‘wear short tight pants with a close fit’
By The Week Staff Published
-
Cristiano Ronaldo’s second coming
Speed Read Last week, Manchester United re-signed the forward on a two-year deal thought to be worth more than £400,000 a week
By The Week Staff Last updated
-
Bank holidays and boycotts: are MPs trying to jinx England?
Speed Read Declaring a bank holiday would be ‘tempting fate’, says Boris Johnson
By The Week Staff Published
-
Weightlifting: Olympic Games set for transgender first
Speed Read New Zealand weightlifter Laurel Hubbard will make history at Tokyo 2020
By The Week Staff Published
-
Sport shorts: Champions League expansion plan to be agreed
Speed Read News and reactions from the world of sport, featuring Joachim Low and the Lions women’s team
By Mike Starling Published
-
Sport shorts: Sturgeon slams Rangers fans over title celebrations
Speed Read News and reactions from the world of sport, featuring Keely Hodgkinson and Bryson DeChambeau
By Mike Starling Published
-
Sport shorts: Klopp’s unwanted record as Liverpool lose again at Anfield
Speed Read News and reactions from the world of sport, featuring Tiger Woods and Tom Brady
By Mike Starling Published