British Basketball League's Manchester Giants launch search for new investor

British Basketball League team Manchester Giants are "exploring offers from prospective third-party investors".

The league has confirmed it is inviting offers from potential buyers "who can help redevelop the franchise in the long term both on and off the court".

The move comes after Miami-based investment firm 777 Partners backed the league with £7m in December 2021 in return for a 45% stake.

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The current Manchester Giants franchise was formed in 2011 and admitted to the league a year later.

They play their home games at the National Basketball Performance Centre.

BBL’s chief executive Aaron Radin said: "Manchester has an illustrious history within the British Basketball League, making the Manchester Giants an extremely attractive proposition for potential third party investors.

"British Basketball is experiencing its most exciting period of growth at present and is at a critical point in its history as momentum continues to grow.

"Between the new investment of capital into the league, the creation of exciting partnerships, the high calibre of players in the league and the return to European competition, the BBL is just beginning to deliver on its goal to create a compelling entertainment product for our fans and marketing and distribution partners.

"The BBL is in a unique position given its popularity in the UK and our ambition is to attract interested partners who share the league’s ambition for growth and who are well equipped to support and accelerate the long growth of the Manchester Giants, it’s players, partners and fans and more broadly, the basketball community in Manchester.

"We want to become one of the most competitive and exciting basketball leagues in the world and I look forward to identifying and supporting the right investor to take the Manchester Giants forward into a revolutionary new era, setting up the club to be as successful as possible."

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