Gregory Stannard’s Post

Big news for Australian sport! The Australian Institute of Sport (AIS) has just unveiled a game-changing $385 million investment under the Win Well and Play Well program. This historic funding will support 70 sports nationwide, driving high-performance initiatives for the LA2028 Games and boosting grassroots participation like never before. At Grand Slam Sports Equipment, we’re proud to be part of the growth of Australian sport and strengthening local communities. This investment promises to create lasting change, from local clubs to elite athletes - and we’re excited to see the impact. Check the comments for the full details and find out how this funding will shape the future of Australian sport!👇 #GSSE #AIS #SportAustralia #WinWellPlayWell #SportsFunding #AustralianSport #LA2028 #HighPerformance #GrassrootsSport #CommunitySupport

#ICYMI | A record $283 million investment in sport announced by the Prime Minister The Hon Anthony Albanese at the Australian Institute Of Sport. The $54.9 million additional para sport funding, doubling the existing support, will address better classification opportunities, access to fit-for-purpose training environments, and specialised coaching and performance support. The historic investment also gives athletes, coaches, and staff the opportunity to achieve their full potential by providing: • An investment of $17.6 million over two years to the Direct Athlete Investment Support Grants (dAIS) program to address cost of living pressures. • Access to more domestic and international competitions to regularly compete against the world’s best in preparation for major sporting events. • Extra training, wellbeing, and preparation support, including access to world leading coaches and performance support staff. Australian Olympic Committee | Paralympics Australia Read more 👉 https://lnkd.in/guar5Ax3

New week, new league: The $5bn (!) plan to build the new #NBA? 🏀💰 We have seen many "new leagues", like Baller League, The Icon League or TGL by Tiger Woods. BIG DIFFERENCE: They are all "complimentary" to existing big leagues like The Premier League, PGA TOUR et al. But now, a group of investors, advised by Maverick Carter, business partner of #LeBronJames, is aiming to create a groundbreaking basketball league to rival directly the #NBA. The known facts: 🌎 A global basketball liga in 8 cities worldwide 🏎️ Rotating around the world like #Formula1 races 🏀 6 men’s + 6 women’s teams 🇸🇬 Singapore is already on the list of host cities. 🏀 LeBron NOT part of the project as of now 💵 Fundraising started With a targeted $5 billion in funding, managed by UBS Group AG and Evercore Inc., and backed by prominent figures from tech and sports, this is at least a serious plan. I am impressed by thinking a league not only "complimentary" but really trying to build a global league. Yet, I still feel this is a far way to go...What is your opinion basketball people? Moritz Gessl, Jan Sessenhausen, Andreas Seiferth, Max Sorst, Maximilian Eckel

With many notable sporting events taking place this summer, including the recent #Euros, #Wimbledon, and the upcoming #Olympics, it is clear to see the impact sport can have on our community, economy, and society. Yet often, its value in society is overlooked. Our researchers are working to change this and re-evaluate the way the impact of sport is assessed both financially and socially. Working with an international team, Themis Kokolakakis is developing a new way to measure the impact across Europe to improve policy and decision making and highlight the ways it can lead to a happier and healthier society. Find out more: https://bit.ly/4d5qBEN

Today, April 6th, marks The International Day of Sport for Development and Peace (IDSDP). Pondering the importance of this day, I'm proud to make my contribution to the world of sports by working for LALIGA, an organization that places strong emphasis on the values of sportsmanship and unity. Nelson Mandela's words resonate deeply with me: 'Sport has the power to change the world. It has the power to inspire, it has the power to unite people in a way that little else does.' Let's harness the transformative power of sports to foster development and promote peace globally. For more details on the United Nations initiative, I suggest checking out the link below! #IDSDP #UnitedNations #SportsForDevelopmentAndPeace

Game changer for African sport, AU's new policy framework integrates sport with #Agenda2063 for a sustainable, inclusive future. Download the policy framework here: https://ow.ly/RX6e50S4uTM

Building a brighter future through grassroots sport. 🏐 🥋 Sports as Value project team committed to build sustainable partnerships in the Balkan region, using grassroots sport and European values 🏆 as a tool. One of the main focuses 🎯 was the organisational development of sports clubs, organisations and federations. Read more about the outcomes 👉🏽 https://buff.ly/3CgIkfF #GrassrootsSport #EUvalues

A Blueprint for Sports Development: The Great Britain Model Great #Britain exemplifies effective sports development, providing valuable insights for nations globally. At the heart of their success is the English Institute of Sport in #Sheffield, a premier facility offering top-tier coaching, advanced sports science, and comprehensive medical services. This sophisticated infrastructure is backed by robust funding mechanisms. A significant portion of this funding is derived from the #NationalLottery managed by UK Sport , the government agency responsible for investing in Olympic and Paralympic sports. This investment, amounting to millions of pounds annually, ensures athletes have the necessary resources for optimal performance. GB Boxing , which oversees Britain's boxing team, also secures additional funds through #sponsorship deals and partnerships with commercial organisations. This multi-faceted funding approach supports a system that nurtures talent from grassroots to elite levels. As a result, Great Britain is sending #six well-prepared boxers to Paris 2024, demonstrating their effective sports development model. African nations are urged to emulate this combination of world-class training facilities, substantial financial investment, and professional management to enhance their success on the global sports stage.

It’s with great pride that I announce three major athlete funding initiatives: 1 - Aspiring Australian Olympic Athlete Fund, in addition to the AOC’s Medal Incentive Funding (MIF) The existing MIF remains, but will also allow donors to contribute additional funds to medal winning athletes including team sports. The second fund is new. The ‘Aspiring Australian Olympic Athlete Fund’ will be structured to allow donations to individual athletes, focussed on providing support to those aspiring to attend an Olympics, or those who qualify to attend a Games. 2 - Indigenous Athlete Support Grant scheme Furthering the AOC’s objective to provide practical support to Indigenous Australians, the Indigenous Athlete Support Grant scheme has been developed for the Paris Olympic Games to support Indigenous athletes selected in the Australian Olympic Team. Grants of $5,000 will be awarded to eligible athletes to assist their Olympic journeys to Paris 2024 to athletes who meet the criteria approved by the AOC Indigenous Advisory Committee. 3 Australian Olympic Indigenous Athlete Fund The Australian Olympic Indigenous Athlete Fund is being created, designed to generate between $500,000 to $1 million per year to enhance opportunities and pathways for Aboriginal and Torres Strait Islander athletes in high-performance Olympic sports. This will simultaneously promote increased representation of First Nations athletes at Olympic Games leading up to the Brisbane 2032 Olympic Games and beyond. The AOC will encourage high net worth individuals seeking a return on investment, to invest through the Fund, thus gaining access to a curated portfolio of Australian and global fund managers. Bring on #Paris2024

Historic sports underdogs are taking center field in the United States.   Emerging sports private equity opportunities – like rugby, cricket, sailing, and more – are on the rise for potential investors. Michael Kuh and Russell Ben Hedman, partners in our Sports practice, underscore the impact of these new options in an interview with Bloomberg Law. Read more here: https://lnkd.in/eg_MHUVq #Sports #PrivateEquity #Investment #SportsInvestment GIF transcript: "Private equity investors see emerging sports as part of a broader trend that the industry will continue to deliver significant returns." - Russell Hedman, Partner "It takes vision to see the next opportunities... not just the sports that are already succeeding." - Russell Hedman, Partner "Lesser-known sports in the US that could garner private equity attention include rugby, cricket, cycling, sailing, motorsports, drone racing and lacrosse." - Michael Kuh, New York Managing Partner