Legendary Greg Chappell facing financial struggle; friends launch fundraising campaign
Adelaide (PTI): Cricket legend Greg Chappell has revealed going through a financial struggle with his friends pitching in to set up an online fundraising platform to "enhance his last few years", according to a report.
The 75-year-old former Australia captain, who also had a controversial stint as the head coach of the Indian team from 2005-2007, admitted that he is doing fine but is certainly not living a life of luxury as a result of his cricketing career.
"I'm not on the bones of my a**e," Chappell told News Corp.
"I certainly don't want it to sound like we're in desperate straits, because we're not but we're not living in luxury either. I think most people assume that, because we played cricket, that we are all living in the lap of luxury. While I'm certainly not crying poor, we're not reaping in the benefits that today's players are," he said.
According to the report, Chappell "reluctantly" agreed to a GoFundMe page being set up for him, along with a testimonial lunch held at the Melbourne Cricket Ground (MCG) last week hosted by Eddie McGuire and attended by cricket greats, including brothers Ian and Trevor.
Chappell further said he is not the only player from his era who experienced financial difficulties, even though the landscape of professional cricket has come a long way since his retirement.
"It is just my friends who realised that we didn't get a lot and just to make sure that Judy and I were comfortable in our retirement," Chappell said.
"To be fair, there are others of our era who are in more dire circumstances that could do with the help and I don't think the game has done enough for players of that era. Particularly in relation to the comparison with today's era."
"I believe the players that set the scene for what's happening today, should probably be recognised for the role they played in getting the game to where it is today," Chappell added.
Pacer Dennis Lillee, wicketkeeper Rod Marsh, and Chappell were part of an iconic trio that defected to Kerry Packer's World Series Cricket in the late 1970s.
But unlike Lillee and Marsh, Chappell didn't receive a fundraising testimonial at the end of his career to help set him up after retiring from cricket.
A report in news.com.au quotes Chappell's friends saying that he is doing it tougher than an Australian sporting legend ever should.
"Greg is a very proud man. He's doing it tougher than what he says," Chappell's friend Peter Maloney said.
The Australian great also runs the Chappell Foundation, which raises funds for homelessness charities.
But the foundation makes sure every cent is distributed each year and Chappell doesn't keep any money for himself.
"The Chappell Foundation is run by Darshak Mehta and 100 per cent of the money that is raised gets distributed," Maloney said.
"They distribute it annually so at the end of each year, they don't leave any money and they're starting afresh."
"If you put your name to a foundation you're entitled to take some money out of it. But Greg hasn't taken a cent out of it, even though he could have.
"I guess that was the irony that he was the face of it and turning up to every function and he's raising all this money while he didn't have a hell of a lot himself.
"Put it this way, we will probably end up raising about $250,000 out of it, and it will significantly enhance his last few years," Maloney added.
Chappell scored 24 centuries across 87 Tests during the 1970s and 80s and led Australia 48 times. He retired from Tests in January 1984 ass the highest run-getter (7110) in Australian Test history, surpassing Sir Donald Bradman's record of 6996 runs.
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HC quashes order staying proceedings against Anil Ambani to classify his bank accounts as fraud
Mumbai (PTI): In a setback to industrialist Anil Ambani, the Bombay High Court on Monday quashed a single bench interim order that stayed proceedings initiated against him and Reliance Communications Ltd to classify their bank accounts as fraud.
A division bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad allowed the appeals filed by three public sector banks and auditor firm BDO India LLP against the December 2025 interim order passed by a single bench of the HC.
The division bench, while quashing the single bench order, termed it "illegal and perverse".
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Ambani's counsels sought the HC to stay its order so that they could approach the Supreme Court, but the request was declined.
The banks last month challenged a December 2025 single-bench order granting interim relief to Ambani and his company. The order had cited violations of mandatory RBI rules and a classic case of banks "waking up from deep slumber" after years.
The single bench order stayed all present and future action by Indian Overseas Bank, IDBI Bank and Bank of Baroda, noting that the action was based on a legally flawed forensic audit and violated the Reserve Bank of India's (RBI) mandatory guidelines.
The three banks in their appeal said the forensic audit, which led to accounts being classified as "fraud", was legally valid and based on serious findings of fund siphoning and misutilisation.
This was recorded in the report submitted by the audit firm BDO LLP, they contended.
The banks, in their plea, also said Ambani had raised a technical challenge to the forensic audit before the single bench.
They sought the division bench to quash the single bench's interim order, claiming it was "perverse".
Ambani had challenged before the single bench show-cause notices issued by the Indian Overseas Bank, IDBI and Bank of Baroda, seeking to declare his and Reliance Communications' accounts as fraud accounts.
As an interim relief, he sought a stay of the notices and an injunction against any coercive action on the ground that BDO LLP was not qualified to conduct the forensic audit as its signatory was not a chartered accountant.
BDO LLP was an accounting consultant firm and not an audit firm, Ambani claimed.
The single bench had agreed with Ambani and stayed the action by the banks.
