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The British Basketball Federation says it is being placed into liquidation.
BBF said in a statement on Friday night that it had ceased trading “due to a significant and unexpected reduction in income and unexpected expenses, which has resulted in the company being unable to meet its liabilities.”
The organization said: “The immediate priority for all domestic basketball stakeholders is to work closely with the sport’s international governing body, FIBA, to ensure its ongoing stability and security.” great britain National teams, including our commitment to participate in upcoming FIBA competitions.
“The BBF appreciates the UK Government’s ongoing commitment, uk sport And FIBA will rebuild a strong and sustainable governance structure for the game in Great Britain.
“The British Basketball Federation, as the recognized FIBA member for Great Britain, will continue to work towards compliance with international commitments together with the home countries, who will remain as integral stakeholders within the British basketball structure.”
Basketball England, Basketball Scotland and Basketball Wales said in a joint statement that they are committed to collaborating “to maintain Great Britain’s participation in upcoming FIBA competitions”.
The BBF’s announcement comes a month after the Britain men’s basketball team was suspended from international competitions by FIBA and the BBF’s authority to license or recognize national men’s competitions was suspended by a FIBA task force on the grounds of “governance issues”.
Nine Super League Basketball (SLB) clubs launched legal action against the BBF after GBL League Limited (GBBL) was awarded the license to run a new professional competition.
UK Sport acknowledged that the liquidation of the BBF would create “uncertainty for the sport in the UK”.
A UK Sport spokesperson said: “Our investment in the game is focused on the 3×3 program and is unrelated to the recent issues surrounding the licensing of the domestic club competition.
“We have taken strong steps to protect public funds and help GB teams continue to compete during this period of uncertainty.
“We will now work closely with DCMS (Department for Digital, Culture, Media and Sport) and the basketball community to establish a way forward for the game.”
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