2024-08-08 02:32:45
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.
The owners of the Lithuanian basketball giant – “Tesonet” announced that they and “Žalgiris” had favorable conditions to purchase a title-winning club from the United Kingdom located in the 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 purchased the club.
“Contributing to the management of the Lions club opens up new opportunities for Žalgiris to increase its awareness in Europe, to be close to London’s young talents and to ensure the long-term growth of the sports pyramid – said Dainius Liulys, the new director of UAB Žalgiris Group. – The London Lions club, which will participate in the highest level international tournaments, will become another platform to attract and develop promising young basketball players from all over the world. At the same time, the club will be able to gain experience from the sports pyramid and management of “Žalgiris” basketball club, strengthening the sports potential and growing the fan base.”
However, Lions club representatives Hasib Howlader and Nimish Patel expressed their position, which does not coincide with “Žalgiris”.
“I don’t know where the report came from, but it’s not true. We didn’t sell the business. We’ve set a deadline of midday on Friday for submissions for the London Lions. We are waiting for three offers. Two have arrived and we are waiting for one more.
All I can say is that the only people who can sell the business are me and Nimish. We didn’t sell it
We are interested in talking to serious potential buyers and hope to sell the club to the highest bidder. We are open to serious offers,” said H. Howlader while talking to the “City AM” portal.
2024-08-08 02:32:45