On Monday morning, Victorian Premier Daniel Andrews announced that Visit Victoria had signed a $15-million sponsorship with Netball Australia (NA), filling the hole left by the withdrawal of previous sponsors, Hancock Prospecting, nine days ago, after the company's chair, Gina Rinehart, withdrew its financial support.
In June, NA released its 2021 financial results, where the national sporting body reported a $7 million loss over the past two years and $4 million debt in bank loans that were due to be paid by the end of the 2022. These loans have now been extended to 2025.
Since then, the sport has tried to generate revenue in various controversial ways, selling its Super Netball Grand Final to the West Australian government, contemplating gambling sponsorship deals and landing a three-year, $15-million partnership with Hancock Prospecting in late September.
