Between 1997 and 2007, together with Melbourne Kestrels, they were one of two teams to represent Netball Victoria in the Commonwealth Bank Trophy era.

Phoenix were the inaugural CBT champions and went on to become the competition's most successful team, winning five premierships.

In 2008, when the Commonwealth Bank Trophy was replaced by the ANZ Championship, Phoenix and Kestrels merged to form Melbourne Vixens.

[1][2][3] Sources:[16][17][18][19][20][21] In 1997 and 1998, Phoenix played their home games at the Waverley Netball Centre.

[22] In later seasons they played at the State Netball and Hockey Centre.