By Eurohoops team / info@eurohoops.net
The British Basketball Federation announced that the organization’s board took an unanimous to terminate the licence of BLL (Basketball League Ltd), the company that has been opeerating the British Basketball League since 2017.
BBF and the BLL had then agree on a 10-year deal that apparently is no longer active for financial reasons.
Per BBF:
As lincesor for the British Basketball League (BBL), the British Basketball Federation (BBF) has been monitoring the financial position of Basketball League Ltd (BLL), the company with responsibility for operating the men’s professional league.
The aim has been to allow for the consolidation of reccent progress and to support the league’s sustainable growth in years to come. However, information provided to the BBF concerning the finances of Basketball League Ltd, including the fact that BLL has entered into creditor arrangements, with two of its largest creditors, indicates that BLL is no longer able to carry out its functions as operator of the British Basketball League. The BBF Board has therefore unanimously agreed to terminate the Licence with immediate effect.
The BBF will continue to do everything possible to protect the interests of fans, players, staff, clubs and interim measures will immediately be put in place to take on organisation of the 2024/25 season, in coordination with stakeholders.
Alongside this, the BBF is working to shape longer term arrangements for the effective governance and development of professional league basketball in Britain. This process will be completed as soon as possible, taking account of the BBF’s obligation to conduct robust due dilligence with regard to possible investors.
The BBF regrets the need to take these actions but is confident that standards in the governance and management of professional basketball in Britain will continue to rise, matching the clear progress already being made by GB basketball teams at elite level and the exciting growth of interest and participation in the game that has been witnessed more broadly.