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Post by lochrocks on Nov 29, 2021 15:07:19 GMT
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Post by Deleted on Nov 29, 2021 15:25:47 GMT
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Post by Deleted on Nov 29, 2021 15:26:00 GMT
But it's happening.
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Post by Deleted on Nov 29, 2021 15:27:12 GMT
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Post by lochrocks on Nov 29, 2021 15:44:44 GMT
Strange the story was there earlier, I wonder if the BBC published it too early as have not seen anything on the usual sources like Mark Woods etc etc.
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Post by basketballjoe3 on Nov 29, 2021 16:29:23 GMT
Tweet now up by bblfix - suggests 777 buy-in of 45% of the league valued at £7m.
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Post by RaidersFan92 on Nov 29, 2021 17:08:19 GMT
Dunkster is the chief integrity officer I hear 🥴
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Post by solentkestrelsfan75 on Nov 29, 2021 17:10:19 GMT
Sounds like good news. But in the world of British basketball, you never know...
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Post by RaidersFan92 on Nov 29, 2021 17:15:22 GMT
It definitely sounds interesting. I guess, like anything, time will tell. I remember being excited by a large investment recently that didn’t really end well. I hope this is successful.
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Post by bullets92 on Nov 29, 2021 19:05:50 GMT
I’ve made the point on twitter, whilst the money would be very welcome, the idea of Lions media team being in charge of what already is pretty awful fan engagement and marketing doesn’t fill me with much confidence
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Post by borthwick on Nov 29, 2021 20:11:54 GMT
Well it's now or never fir the leayeith this level of investment. Never been made before. Let's hope we get a well run professional well promoted league
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Post by saintpat on Nov 29, 2021 21:12:04 GMT
Whilst it's the same organisation buying in to both Lions & the BBL, I'm sure they'll be completely different management teams although they will hopefully have learnt from their time running Lions & the management for the BBL will be able to got the floor running.
It will be interesting how voting will work percentage wise as 777 in both forms joined together would have a majority if each team had equal voting rights.
I'm guessing there's something in the fine detail that will stop that happening.
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Post by Raidersfan on Nov 29, 2021 22:00:42 GMT
As stated above although incredible the league it’s getting a huge cash injection and possibly new ideas on how to expand, grow find it worrying the company behind this run a franchise with barely any fans, or fans in attendance whither this from marketing, pricing etc. The lions continuously no matter the occasion (European basketball success) never have anyone there to watch. Again guess to throw £7 million at another for anyone means a certain level of expectation in return
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Post by youngrocks on Nov 29, 2021 22:38:37 GMT
I do wonder why this has taken so long to get over the line. I believe it was about to get announced before the fixtures were confirmed.
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Post by Deleted on Nov 29, 2021 22:59:32 GMT
I'm intrigued why it's twice been pulled from the Beeb website.
I'm also amazed that DRB hasn't been on yet to tell us that they're named 777 because that's all the $$$ they have in the bank and that the BBL is doomed.
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Post by faz on Nov 30, 2021 1:01:46 GMT
What a shame that there’s new investment in the bbl, that the government propped up the league for a year but we don’t have the money to send our under 20s to the European tournament next summer. Not sure the priorities are right regarding investment.
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Post by notoriousbigz on Nov 30, 2021 5:53:08 GMT
What a shame that there’s new investment in the bbl, that the government propped up the league for a year but we don’t have the money to send our under 20s to the European tournament next summer. Not sure the priorities are right regarding investment. Im not convinced its 777s job to be investing in the U20s. They want a commercially viable project where they think theyll see returns. They don't give a damn for national team stuff, and certainly not junior national teams. Again, the covid grants arent to be used on u20s either. As is often the case, this falls squarely on the NGBs shoulders (all of them). Basketball repeatedly shoots itself in the foot in this country and expects more hand outs - not gonna happen. |
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Post by drivethebody on Nov 30, 2021 6:19:18 GMT
What a shame that there’s new investment in the bbl, that the government propped up the league for a year but we don’t have the money to send our under 20s to the European tournament next summer. Not sure the priorities are right regarding investment. Massively separate issues. BBL is a business U20 development is an NGB issue solely. 777 won’t care a jot for u20’s I’d imagine (and why would they)? |
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Post by skeg on Nov 30, 2021 9:20:41 GMT
Sounds like good news. But in the world of British basketball, you never know... Couldn’t have put it better myself. |
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Post by Solly on Nov 30, 2021 10:52:58 GMT
On past form e.g. London Royals, Plymouth etc. I can foresee that this won't end well.
Just as for all the wedge that is being sloshed at London Lions, I bet no one can explain why 777 is doing this?
Royals were never going to repay the investment without moving to a huge venue and Plymouth was a joke of a location for any sensible hope of a return.
Having said that, maybe we should just all enjoy the free ride (as we are doing with Lions) and not care about the consequences. What are 777 going to be able to do to anyone if it all goes wrong?
If the BBL falls apart and clubs have to start afresh I've heard that NBL Div3 is a nice place to go to🤗
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Post by donthatetheplayer on Nov 30, 2021 11:42:13 GMT
While this is old news, the ink has been drying for almost a year on this deal. Does this therefore mean that the Plymouth City Patriots are now partially owned by them too? The BBL already own that club so this seems to be firmly under everyone's radar. 777 now effectively have a large share in at least 2 BBL teams. There were rumours surrounding involvement at Cheshire too. Will therefore be active financial engagement from them across any team, that may be in trouble to retain the integrity of the BBL? Lots of questions. BBL could turn into a circus if it's not careful.
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Post by saintpat on Nov 30, 2021 13:08:08 GMT
What a shame that there’s new investment in the bbl, that the government propped up the league for a year but we don’t have the money to send our under 20s to the European tournament next summer. Not sure the priorities are right regarding investment. Im not convinced its 777s job to be investing in the U20s. They want a commercially viable project where they think theyll see returns. They don't give a damn for national team stuff, and certainly not junior national teams. Again, the covid grants arent to be used on u20s either. As is often the case, this falls squarely on the NGBs shoulders (all of them). Basketball repeatedly shoots itself in the foot in this country and expects more hand outs - not gonna happen. Whilst the finances are all about the BBL, they'll eventually be looking to turn this money into something tangible. The national teams at all ages are not linked to the BBL in any way, but investing in young players who can make the league better & provide a pathway for young quality British players to play in the BBL would be a positive for 777. 777 will want to make the league better it will be interesting to see their plans to make this happen but I'd suggest that all clubs having an u23 team playing in a league would be a massive step forward & this would link nicely with an U20's GB team. However that would mean people in charge of the NGB's actually caring about the future of British basketball & not just making sure they keep their jobs & their own little kingdom! |
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Post by drivethebody on Nov 30, 2021 13:33:12 GMT
I hear Nharmo is returning to BBL in some capacity. Don’t know what or if related to this news at all?
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Post by notoriousbigz on Nov 30, 2021 13:59:24 GMT
Im not convinced its 777s job to be investing in the U20s. They want a commercially viable project where they think theyll see returns. They don't give a damn for national team stuff, and certainly not junior national teams. Again, the covid grants arent to be used on u20s either. As is often the case, this falls squarely on the NGBs shoulders (all of them). Basketball repeatedly shoots itself in the foot in this country and expects more hand outs - not gonna happen. Whilst the finances are all about the BBL, they'll eventually be looking to turn this money into something tangible. The national teams at all ages are not linked to the BBL in any way, but investing in young players who can make the league better & provide a pathway for young quality British players to play in the BBL would be a positive for 777. 777 will want to make the league better it will be interesting to see their plans to make this happen but I'd suggest that all clubs having an u23 playing in a league would be a massive step forward & this would link nicely with an U20's GB team. However that would mean people in charge of the NGB's actually caring about the future of British basketball & not just making sure they keep their jobs & their own little kingdom! I get where you're coming from and I'd go as far as to say every BBL team should be made to have an EABL setup or even start a completely separate BBL youth league to prep players for college/the next step, but thats me looking at it from a development perspective as a fan of British Basketball. These guys are venture capitalists, nothing more nothing less. Make no mistake they want a financial return and will care about nothing else. If that means making the league better (and lets face it, it does) and therefore more attractive to sponsors and commercial revenue, then that's a really happy side issue for them, but so long as they get a return on their investment, then thats why they are where they are. In reality that means their cash injection going to make the league better in a way that they couldnt do without the finance. But if I was them, I couldnt care less for youth development. Its a quick win game to them and if they dont get their returns in 5-10 years or at least start to see a turnaround, then I can see them pulling out completely. Thats normal though, its the risk you take and if the league back themselves to use the money wisely then in theory why cant it be a mini version of the Division 1 rebrand to the Premier league? On the flip side, I've been around too long to know we dont have the most astute organizers in our game. Bottom line - welcome cash injections no doubt, but the hard work starts here. Use it wisely. |
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Post by notoriousbigz on Nov 30, 2021 14:02:21 GMT
I hear Nharmo is returning to BBL in some capacity. Don’t know what or if related to this news at all? If he is, then you can kiss goodbye to whatever cash injection 777 are making. Left the sinking ship last time, low and behold a cash injection comes round and here he is sniffing round again. I wouldnt have him anywhere near it given his recent track record. As a "basketball person", he should be embarrassed by his part in the Royals fiasco. He wasnt the only reason it went south, but my god he's got something to answer for. |
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