London Lions enter administration after months of speculation around funding from owners 777 Partners.
London Lions became the first ever British champions in European competition when they won the women's EuroCup in April
The club, which is based at the Copper Box Arena in Stratford, is now in the hands of insolvency firm Hudson Weir. "With such a rich heritage and pedigree, this team has the support of the local community as its backbone and has a loyal fan base," he added. "We are interested in talking to serious prospective buyers and whilst our focus is to sell the club to the best bidder, we are open to serious offers."Fears about the Lions' future had steadily grown throughout last season, when it was rumoured funding would not be allocated for the women's team to continue to compete in European competition.Both the men's and women's Lions teams won the BBL championships and play-offs this season.
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