US bidders for British basketball league aren’t another 777, says federation Sport Business The chair of the British Basketball Federation (BBF) has dismissed fears of another 777 Partners over plans to hand control of its league to more US investors. The BBF had to strip the 777-owned British Basketball League (BBL) of its licence last year after the Miami-based fund ran out of money, leaving clubs facing extinction. [...]
British basketball at war: Clubs split from federation over new league plan Sport Business Civil war has broken out in British basketball after furious Super League Basketball clubs vowed to break away from the British Basketball Federation over plans to impose a new league on them. Super League Basketball (SLB) teams say they were not consulted by the British Basketball Federation (BBF) before it announced former Portland Trail Blazers [...]
Caledonia Gladiators review hiring after signing murder suspect Malik Dunbar Sport British basketball team Caledonia Gladiators say they are reviewing their recruitment process after discovering that recent signing Malik Dunbar is a murder suspect. The Scottish club say they sacked Dunbar and fellow American Jared Wilson-Frame on Tuesday, just weeks after signing them, for “a serious breach of club discipline”. Caledonia Gladiators added that it was [...]
Exclusive: London Lions’ new owners defend controversial CEO appointment September 1, 2024 Balan was one of the key lieutenants at 777, which bought the Lions in 2020 but took them to the brink of liquidation in July as the US private equity business collapsed.
The on-off-on takeover saga that saved the London Lions from extinction August 23, 2024 For the London Lions and fans of the dual British basketball champions, it has been a summer of more twists and turns than a slam dunk contest — only a lot less fun.
Second top-flight British basketball team bought by new investors August 19, 2024 The Manchester franchise set to play in Britain’s new Super League Basketball has been bought by the US-based Sherwood Family Investment Office. The group is run by private equity veteran Ned Sherwood and Ben Pierson and will own both the men’s and women’s teams competing in their respective leagues. It comes just days after a [...]
BBL champions London Lions bought out of administration by Lithuanian group and Zalgiris Kaunas August 14, 2024 British basketball champions London Lions have been bought out of administration by Lithuanian group Tesonet and Zalgiris Kaunas. London Lions were taken to the brink of extinction by the collapse of former owner 777 Partners’ sporting empire. Tesonet, a tech hub and investor in Lithuanian side Zalgiris Kaunas, was the early frontrunner and the only [...]
London banker’s R3 Sport puts together rescue bid for stricken London Lions August 8, 2024 London Lions have been placed in administration following the collapse of 777 Partners’ sporting portfolio.