Deals

Miami’s 777 Is in Talks for a Controlling Stake in British Basketball League

Follows 777’s purchase of the Italian Serie A team Genoa
BBL was founded in 1987 and consists of 10 professional teams

Dirk Williams lays the ball up during a British Basketball League game between the London Lions and the Sheffield Sharks in London in 2019.Photographer: Jack Thomas/Getty Images

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By David Hellier

November 29, 2021 at 3:58 PM UTC

This article is for subscribers only.

The investment firm 777 Partners is in talks for a controlling interest in the British Basketball League, according to a person familiar with the discussions.

The Miami-based group has offered to pay 7 million pounds ($9.3 million) for a 45% stake in the league, the person said, who asked not to be named as discussions are private. There is no certainty the discussions will result in a deal, they added.