Tony Blair closes sports foundation after 10 years – Telegraph.co.uk
Tony Blair is closing his sports foundation after 10 years, saying it has “reached the end of its natural life”. The former prime minister, who set up the body after leaving Downing Street, said his focus was now on his new non-profit institute on globalisation.
The sports charity’s latest accounts show that its income dropped from £203,972 in 2015 to £82,471 last year, which a spokesman said was “because it was anticipated it would be wound down” after 10 years.
Funding over the years had largely come from Mr Blair, who has donated £700,000 since 2007, the spokesman said.
The body, is one of three charities Mr Blair launched after quitting as prime minister. He has also enjoyed a lucrative career as a consultant to governments and private firms, including JP Morgan, the investment bank.
The announcement came after the Telegraph revealed how Mr Blair’s separate work as a Middle East envoy was secretly funded by the United Arab Emirates, while he also received millions in consultancy fees from the state and the sovereign wealth fund of its capital, Abu Dhabi.