Rinehart’s Hancock Prospecting has been announced as the principal partner for the Australian team until the end of 2025, with the undisclosed amount of money going directly into the high-performance program. It is a massive boost to Netball Australia, which has lost $7.2m over the past two years and is needing to pay $4m in debts at the end of 2022 after a going concern notice was issued. “This is a major investment for our sport, and is a huge contribution towards the ongoing success of the Diamonds,” Netball Australia chief executive Kelly Ryan said. “We are incredibly grateful to this leading Australian private company, Hancock Prospecting, for its significant support and partnership. Rinehart has been investing in several sports in recent years, backing swimming, volleyball, synchronised swimming and rowing.