London Lions CEO Lenz Balan: ‘I’ve made mistakes. I’m doing all I can to give back’ Sport Business It would have been little surprise if last summer proved the last that British basketball heard of Lenz Balan and the London Lions. CEO Balan was a vice-president at former owner 777 Partners, whose now notorious collapse led to the club falling into administration and the league going bust almost a year ago and, for [...]
Exclusive: London Lions owner pledges ‘hundreds of millions’ for new arena Sport Business The Lithuanian billionaire who rescued London Lions has revealed he is ready to spend “hundreds of millions of pounds” to build their new home. Tomas Okmanas, the co-founder of cybersecurity company Nord, said the purpose-built basketball arena – by far Britain’s biggest – could house up to 20,000 spectators. The plans were first announced on [...]
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.
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.