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Sunshine Coast Lightning Sold to Global Sports Fund Management Group From October 1

Melbourne Storm is offloading the club to refocus on rugby league pathways in Victoria.

Overview

  • Co-owners Justin Pascoe and Lee Hagipantelis said they will invest in women's sport and deepen connections with local fans and partners.
  • Storm executives positioned the divestment as part of a strategy to concentrate resources on Victoria, with feeder teams to be based in the state from 2026.
  • Netball Australia welcomed the new stewardship and pointed to continued growth in attendance and viewership for Super Netball.
  • Global Sports Fund Management Group also holds stakes in the Newcastle Jets and the Ottawa BlackJacks, and its principals previously held senior roles at Wests Tigers.
  • Roster stability is signaled by 2026 deals confirmed for foundation shooter Cara Koenen and re-signed defender Ashleigh Ervin.