British Basketball Federation To Enter Liquidation

The British Basketball Federation says it will participate liquidation arsenic nan situation engulfing nan athletics successful nan UK continues.

A connection from nan BBF said it had ceased to waste and acquisition "due to a important and unanticipated simplification successful income" and "unforeseen expenditure resulting successful nan company's inability to meet its liabilities".

It has been reported, external nan BBF's financial position had been affected by ineligible costs incurred during its conflict pinch Super League Basketball (SLB).

In April, nan BBF awarded a 15-year licence to tally a caller master men's title - nan Great Britain Basketball League - to GBB League Ltd (GBBL).

The BBF said GBBL, a consortium led by American businessman Marshall Glickman, would supply £15m backing successful nan first 2 years.

However, nan existing 9 SLB clubs claimed nan tender process tally by nan governing assemblage was "illegal and unjust" and refused to subordinate nan caller league.

A week agone SLB reached an statement with basketball's world governing assemblage Fiba to oversee nan top-tier men's title successful Great Britain.

Last period basketball's world governing assemblage Fiba suspended nan BBF complete governance issues.

The BBF connection added that nan contiguous privilege was for home hoops stakeholders to activity pinch Fiba "to guarantee nan ongoing stableness and information of nan Great Britain nationalist teams", including forthcoming Fiba competitions.

Fiba, which group up a taskforce successful August to analyse regulatory non-compliance wrong British basketball, said it will proceed to support nan BBF to "restore its operations and unafraid its position arsenic nan hoops governing assemblage successful Great Britain".

UK Sport said: "We person taken robust steps passim this play of uncertainty to safeguard nationalist costs and to thief alteration GB teams to proceed to compete.

"We will now activity intimately pinch nan Department for Digital, Culture, Media and Sport and nan hoops organization to found a measurement guardant for nan sport."

A spokesperson for GBBL told BBC Sport it was "working pinch its ineligible counsel to measure its options" relating to nan position of nan licence it was awarded by nan BBF.

"In accordance pinch nan position of nan licence, important sums of money person been paid to nan BBF and this is of sedate interest to GBBL," they added.