Wales Netball have announced that they have secure key new investment in club side LexisNexis Risk Solutions Dragons.

The investment sees Machroes Holdings Limited take a 40% shareholding in the club, bringing new capital into the Dragons.

Wales Netball remains the majority shareholder, retaining a 60% stake and overall ownership and control of the club.

The news follows a period of significant transformation, during which Wales Netball has strengthened its governance, financial management and commercial foundations to put the club and the wider sport on a sustainable footing.

The investment is a key step in delivering Ymladd 2030, Wales Netball’s strategic blueprint for building a financially sustainable, high-performing netball ecosystem from grassroots to elite.

It comes as the organisation marks its 80th year and the Welsh Feathers, ranked seventh in the world, prepare for the Glasgow 2026 Commonwealth Games and the Sydney 2027 Netball World Cup.

“This is a landmark moment for netball in Wales,” Sarah Boswell, Chief Executive Officer of Wales Netball, said.

“Securing this investment is a powerful endorsement of the work that has gone on behind the scenes to put our sport on a sustainable footing, and it gives the Dragons the stability and ambition to compete at the very highest level.

“Wales Netball retains majority ownership and control of the club, and this partnership allows us to accelerate everything we set out to achieve through Ymladd 2030 – from the grassroots game right through to the international stage.

“I am very excited to build on the Dragons’ performance this season with this fantastic support from Machroes Holdings Limited and look forward to seeing the team continue to perform at the highest level.”

“As a board, our responsibility is to safeguard the long-term future of netball in Wales, and this investment is a clear sign of the progress we have made,” Helen Williams, Chair, Wales Netball, added.

“It reflects real confidence in our leadership, our governance and our vision, with Wales Netball remaining the proud custodian of the Dragons.

“I want to thank Machroes Holdings Limited and our key stakeholders, members, players and partners, whose belief and commitment have helped make this possible.”

“We are proud to be investing in the the Dragons and in the future of women’s sport in Wales,” Thomas Davies, CEO, Machroes Holdings Limited, said.

“The ambition, talent and momentum at Wales Netball and the club are clear to see, and I have great confidence in the leadership and the vision being built through Ymladd 2030.

“This is the start of an exciting journey and we are looking forward to playing our part in it.”

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