London Lions Group Limited (12538101): administration
- Status
- Administration ended
- Administration began
- 2024-07-30
- Incorporated
- 2020-03-30
- Location
- London
- Industry
- 93199 Other sports activities
From the administrators' statement
London Lions Group Limited was incorporated on 30 March 2020, and since its incorporation, acted as the company operating the London Lions Basketball club. The Company shareholding was primarily vested in 777 Partners LLC (“777”), which owned over 99% of the shares. The investors, 777, also owned a 45% stake in the British Basketball League. After the British Basketball Federation (“BBF”) terminated the licence of Basketball League Ltd in June 2024, there was much uncertainty regarding the future of the club and its teams. It was unlikely that the London Lions men’s and women’s teams would continue to play in the scheduled matches for the upcoming season if alternative investment could not be secured.
On 17 July 2024 a charge was created in favour of Zalgiris Group, UAB (‘the QFCH’) and this was registered as delivered on 25 July 2024. The charge related to a secured term facility agreement. 3.3
3.4
Administrators' statement of proposals (2024-09-25) · Companies House register