Manchester Giants seeking new investor as British Basketball League takes control after collapse into administration
manchestereveningnews.co.ukThe Manchester Giants basketball franchise is seeking a new investor after being bought out of administration, it has been revealed.
The British Basketball League (BBL) has taken control of the club in a pre-packaged deal and has now launched a search for a new backer.
Jamie Edwards, who has been described as a driving force behind the franchise, said it is "still a bit raw" but "the most important thing" is that the club will continue. READ MORE: Click here to sign up to the BusinessLive North West newsletter According to a document seen by the Manchester Evening News, Manchester Giants Limited formally entered administration on March 23 and was immediately sold in a pre-packaged deal.
The MEN understands that the BBL has now taken full control of the franchise until a new investor can be found. According to sources close to the deal, all jobs have been secured.
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