In May 2016, Netball Australia confirmed that the Collingwood Football Club was one of three preferred license holders for the new teams.

[3] Speaking at the launch, club president Eddie McGuire stated, "This team is not an add on to our [football] program by any stretch.

For the inaugural season, Madi Browne was appointed team captain under head coach Kristy Keppich-Birrell.

Co-captain Madi Browne departed from the club and Rob Wright's tenure as coach ended.

[10] Netball Australia promptly announced it would be negotiating with interested parties for the eighth licence for a 2024–26 window.

The club also played one or two home games a year at the Silverdome in Launceston as part of an agreement with the government of Tasmania.

[13] Throughout its time in the league, the Magpies also played some home matches at Margaret Court Arena and Bendigo Stadium.