Both parties are understood to have signed non-disclosure agreements, and specific details about the proposal are under wraps.
The ANZ Premiership recorded a $3.7m loss this year, with NNZ board chairman Alastair Carruthers admitting the figure will balloon to approximately $6m by the end of November.
Mowbray and Williams have a 15% stake in Auckland FC, which won its maiden A-League title in just its second season this year.
The situation leaves Silver Ferns and other ANZ Premiership players in limbo while they wait for their futures to be confirmed. The Herald last week revealed Commonwealth Games gold medal-winning Ferns are in talks with UK Super League clubs.
Manchester Thunder coach Karen Greig said they had been inundated with New Zealand players and agents requesting contracts. However, Super League teams are limited to just two imports, who must play in different areas of the court.
Five of the Silver Ferns team to win gold in Glasgow played in Australia’s Super Netball this year, and more are expected to join them.
Earlier this week, NNZ issued a statement in response to a request for comment on the domestic competition’s rocky trajectory.
“Netball New Zealand is exploring a number of options for the future of the domestic competition for 2027 and beyond.
“We are currently in confidential discussions with the NZNPA and the Zones, and we’re not in a position to say any more at this stage. Our collective focus is on securing the best possible outcome for the game and a sustainable, successful future for netball in Aotearoa.”
Mowbray and Williams did not respond when asked for comment.
Incoming NNZ chief executive Jennah Wootten will front the media this morning.
Nathan Limm has been a journalist with Newstalk ZB and the NZ Herald since 2020. He covered the Netball World Cup in Cape Town in 2023, hosts The Big League Podcast and commentates rugby and netball for Gold Sport.