London Lions — Investor Profile

Men's · Super League Basketball

Not an audit. Compiled from AI-assisted deep research into UK professional basketball financial/ownership structures (source doc dated 2025, regulatory status as of October 2025). Not an independent audit — verify before relying on any figure here.

Turnover: £1.8m–£2.5m
Operating result: Operating loss of £400k–£800k annually
Net equity: Unknown — new entity post-acquisition (absorbed ~£1.1m liabilities incl. HMRC tax debt)

Legal entity

BC London Lions Limited (successor to London Lions Group Limited, in CVL)

Owner / backer

Tesonet Global (Lithuanian tech conglomerate; also owns EuroLeague side Žalgiris Kaunas), acquired August 2024

Ownership concentration

Heavily concentrated — Tesonet controls via its multi-club European network (Žalgiris model).

Venue

Copper Box Arena, Queen Elizabeth Olympic Park — commercial tenancy via GLL/LLDC. Capacity 6,000; avg. attendance 2,800–4,200.

Venue risk

Tenant-dependent with high rental tariffs.

Risk classification

“Medium sustainability, remaining reliant on tech-parent operational subsidies to manage Copper Box Arena’s high rental tariffs.”

Notes

777 Partners collapse (2024) preceded the Tesonet acquisition. The prior ownership regime spent £12m+ (2020–2024) at annual losses of £3m–£4m pursuing EuroLeague entry; payroll was reduced from £1.5m to £500k–£750k post-acquisition.

Compiled: 2026-09-14