Gina Rinehart’s Hancock Prospecting pulls $15m netball sponsorship
“Hancock and Roy Hill do not wish to add to Netball’s disunity problems, and accordingly Hancock has advised Netball Australia that it has withdrawn from its proposed partnership effective immediately,” Hancock said in a statement.
Roy Hill will also discontinue its planned sponsorship agreement with Netball WA as the principal partner of the West Coast Fever.
The companies said they had offered Netball Australia and Netball WA a four-month sponsorship to fund athletes while they looked for new partners.
Netball Australia has suffered losses of more than $7 million in two COVID-impacted years.