London Lions Basketball Team, in Administration, Now Seeks New Owner

LONDON, UK. 7th August, 2024 - London Lions, the British professional basketball team based in Stratford, East London, England, competing in the league formally known as the British Basketball League, was placed into administration by a debenture holder of the club.

Hasib Howlader and Nimish Patel, of Hudson Weir, licensed in the UK by the Institute of Chartered Accountants England and Wales, have been appointed as joint administrators of the company and will run the business until a suitable buyer can be found. 

Hudson Weir, an Insolvency Practitioner with years of experience working with both large and small businesses facing financial difficulties, will now trade London Lions whilst the business is being prepared for sale in administration.  

Joint administrator, Hasib Howlader comments:

“This illustrious basketball team was originally founded in 1977 as the Hemel Hempstead Lakers, and following an ownership takeover by Vince Macaulay the team relocated to Milton Keynes, where they were known as Milton Keynes Lions, winning its first trophy, the British Basketball League in 2008. Relocating again to London in 2012, playing its home games at the Queen Elizabeth Olympic Park the club launched a ladies' team into the Women's British Basketball League in 2017.”

 “With such a rich heritage and pedigree, this team has the support of the local community as its backbone and has a loyal fan base. We are now seeking a serious buyer to take the London Lions on the next part of its journey, to ensure this club continues to thrive and grow. The sale will include the assets of the business and all goodwill amassed over the last 47 years.”

“We are interested in talking to serious prospective buyers and whilst our focus is to sell the club to the best bidder, we are open to serious offers.“

For more information regarding the purchase of the business, trading as the London Lions Basketball Club, please contact:

Hasib Howlader   Director   E: hasib@hudsonweir.co.uk

Hudson Weir, 58 Leman Street, London, E1 8EU

T: 020 7099 6086        W: www.hudsonweir.co.uk

Hudson Weir is the trading name of Hudson Weir Limited registered in England and Wales No 09477593. Registered Office 58 Leman Street, London, E1 8EU. Where any insolvency practitioner acts as an Administrator, the affairs, business and property of the Company are being managed by the Administrator who acts as an agent of the Company and without personal liability.