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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Los Angeles county wildfires could be costliest in US history, early estimates say
Los Angeles, Jan 11: The wildfires that erupted this week across Los Angeles County are still raging, but already are projected to be among the costliest natural disasters in US history.
The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday, laying waste to entire neighbourhoods once home to multimillion-dollar properties.
While it's still too early for an accurate tally of the financial toll, the losses so far likely make the wildfires the costliest ever in the US, according to various estimates.
A preliminary estimate by AccuWeather put the damage and economic losses so far between USD 135 billion and USD 150 billion. By comparison, AccuWeather estimated the damage and economic losses caused by Hurricane Helene, which tore across six southeastern states last fall, at USD 225 billion to USD 250 billion.
“This will be the costliest wildfire in California modern history and also very likely the costliest wildfire in US modern history, because of the fires occurring in the densely populated areas around Los Angeles with some of the highest-valued real estate in the country,” said Jonathan Porter, the private firm's chief meteorologist.
AccuWeather factors in a multitude of variables in its estimates, including damage to homes, businesses, infrastructure and vehicles, as well as immediate and long-term health care costs, lost wages and supply chain interruptions.
The insurance broker Aon PLC also said Friday that the LA County wildfires will likely end up being the costliest in US history, although it did not issue an estimate. Aon ranks a wildfire known as the Camp Fire in Paradise, California, in 2018 as the costliest in US history up to now at USD 12.5 billion, adjusted for inflation. The Camp Fire killed 85 people and destroyed about 11,000 homes.
The LA County wildfires, which were fuelled by hurricane-force Santa Ana winds and an extreme drought, remained largely uncontained Saturday. That means the final tally of losses from the blazes is likely to increase, perhaps substantially.
“To put this into perspective, the total damage and economic loss from this wildfire disaster could reach nearly 4 per cent of the annual GDP of the state of California,” AccuWeather's Porter said.
In a report Friday, Moody's also concluded that the wildfires would prove to be the costliest in US history, specifically because they have ripped through densely populated areas with higher-end properties.
While the state is no stranger to major wildfires, they have generally been concentrated in inland areas that are not densely populated. That's led to less destruction per acre, and in damage to less expensive homes, Moody's noted.
That's far from the case this time, with one of the largest conflagrations destroying thousands of properties across the Pacific Palisades and Malibu, home to many Hollywood stars and executives with multimillion-dollar properties. Already, numerous celebrities have lost homes to the fires.
“The scale and intensity of the blazes, combined with their geographic footprint, suggest a staggering price tag, both in terms of the human cost and the economic toll,” Moody's analysts wrote. The report did not include a preliminary cost estimate of the wildfire damage.
It could be several months before a concrete tally of the financial losses from the wildfires will be possible.
“We're in the very early stages of this disaster,” Porter said.
