Exclusive: London Lions’ new owners defend controversial CEO appointment Sport Business 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.
BBL champions London Lions bought out of administration by Lithuanian group and Zalgiris Kaunas Sport Business 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 [...]
Women’s basketball is on the up – now funding bodies must shoot for the moon Opinion Instead of enjoying a celebratory moment that inspires growth, the sport’s impetus is under threat.