British basketball handed major boost in LA 2028 Olympic funding December 16, 2024 British basketball has received a major boost after UK Sport more than doubled its funding allocation for the LA 2028 Olympic cycle. The sport is by far the biggest beneficiary from the record overall package of £330m, which will see its funding increasing from £1.35m to £2.93m. Skateboarding, climbing, weightlifting and baseball/softball are the other [...]
Sadiq Khan meets NBA chiefs with potential London return on cards September 26, 2024 London mayor Sadiq Khan today met the NBA Deputy Commissioner as hopes of a NBA return to London grew further. The pair spoke on Thursday “to discuss their shared ambition to expand the sport’s reach and influence in the capital, including through live NBA games”. “I want to do big events, whether it’s Wrestlemania, whether [...]
‘It’s been chaos, but good chaos’: Building Britain’s new basketball league in weeks September 23, 2024 Super League Basketball interim chair and majority owner of the Sheffield Sharks Vaughn Millette on his baptism of fire, challenging the rest of Europe and the demise of 777 and the London Lions. The last few months have, Vaughn Millette admits, been “a wild ride”. Until mid-July, the American was merely an interested spectator of [...]
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.
Iconic LeBron James jersey to be auctioned August 29, 2024 The high school basketball top worn by LeBron James in a now legendary photo shoot for Sports Illustrated is expected to fetch over $1m when it goes under the hammer in September. The sale, which comes shortly after an iconic Babe Ruth jersey was bought at auction for a record-breaking $24m (£18m), is the marquee [...]
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 [...]
Fresh twist in London Lions sale after league weighs in on potential rescue deals August 9, 2024 Super League Basketball say the part-owner of Zalgiris Kaunas has been the only party to meet its deadline for entry into the 2024-25 season.
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.