Exclusive: London Lions’ new owners defend controversial CEO appointment Sport Business Balan was one of the key lieutenants at 777, which bought the Lions in 2020 but took them to the brink of liquidation in July as the US private equity business collapsed.
The on-off-on takeover saga that saved the London Lions from extinction Sport Business For the London Lions and fans of the dual British basketball champions, it has been a summer of more twists and turns than a slam dunk contest — only a lot less fun.
BBL champions London Lions bought out of administration by Lithuanian group and Zalgiris Kaunas Sport Business British basketball champions London Lions have been bought out of administration by Lithuanian group Tesonet and Zalgiris Kaunas. London Lions were taken to the brink of extinction by the collapse of former owner 777 Partners’ sporting empire. Tesonet, a tech hub and investor in Lithuanian side Zalgiris Kaunas, was the early frontrunner and the only [...]
‘We haven’t sold the business’: London Lions administrators deny Lithuanian claims August 7, 2024 London Lions have won the BBL and Women’s BBL titles for the last two years.
US firm offer Everton £150m loan to help finish Bramley-Moore Dock stadium May 15, 2024 Struggling Premier League club Everton have been offered a £150m loan by a private equity firm to help in the completion of their new Bramley-Moore Dock stadium. The Merseyside club’s owner Farhad Moshiri has been trying to sell the club to American firm 777 Partners but the deal has stalled. It has left the future [...]
777 Partners takeover of Everton in further doubt after firm hit with legal action May 6, 2024 A prospective takeover of Everton has been plunged into further doubt by legal action from the former owners of Standard Liege. The American private equity firm could lose all of its assets in Belgium as a result. Former owner Bruno Venanzi and the shareholders of Standard’s stadium allege that they have not received the second [...]
US regulators limit insurer investment in Everton bidder 777 Partners April 1, 2024 Regulators in two US states have reportedly pushed insurers to scale back their investments in Everton bidder 777 Partners.