“We are pleased to announce that Tesonet / Kaunas Žalgiris are the new owners of the club and that the sale of Hudson Weir was completed less than two weeks after the club went into administration.
The new managers will bring new energy and resources to the club, ensuring that the London Lions continue to thrive.
They are a symbol of community pride and sportsmanship. With almost five decades of history and a passionate fan base, we are confident that the London Lions will continue to reach new heights under their new management,” said Hasib Howlader, Company Administrator of Hudson Weir.
The owners of the Lithuanian basketball giant – “Tesonet” on July 31. announced that they and “Žalgiris” had favorable conditions to purchase a title-winning club from the United Kingdom located in a market with great potential. Žalgiris Group provides London Lions with a short-term, three-month loan to cover essential expenses, which will be returned to the group by Tesonet, which acquired the club.
However, a week later, the representatives of the Lions club, Hasib Howlader and Nimish Patel, expressed their position, which did not coincide with Zalgiris, stating that the club is not really sold yet and they are waiting for offers for the team.
The London team dictates basketball fashion in Great Britain, having won the men’s and women’s BBL titles for the past two years. However, the main partners of the club, 777 Partners, had to withdraw from the British sports market and the club was on the edge of the abyss.
2024-08-14 16:47:54