777 Partners’ London Lions Basketball Team Faces Closure by Creditors
- London Lions club is facing a winding-up petition by creditors
- Latest setback for 777 after attempt to buy Everton collapsed
Gabe Olaseni of London Lions in the third quarter during the Euro Cup Finals match in London on March 29.
Photographer: Alex Davidson/Getty ImagesA London basketball team owned by beleaguered investment firm 777 Partners risks closure in a legal action supported by a slew of creditors.
The London Lions, a basketball club that 777 purchased in 2020, is facing a winding-up petition from one of its clothing suppliers, a court heard on Wednesday. AB Realisations 2023 Limited, owed around £120,000 ($156,000), was joined in court by several other creditors who say they haven’t been paid, including representatives of firms that supply the club with medical and broadcasting services.