Manchester Basketball — 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: £600k–£900k (Year 1)
Operating result: Operating loss of £400k–£700k, absorbed by equity commitments
Net equity: Not yet disclosed (new entity) — acquisition cost under £250k for franchise rights only; capital commitment £1.5m–£2m

Legal entity

Manchester Basketball Limited, incorporated August 2024

Owner / backer

Sherwood Family Investment Office (US private equity) — Ned Sherwood (Chairman Emeritus, ZS Fund LP) and Ben Pierson. Successor to Manchester Giants, which folded in the 2023 BLL liquidation.

Ownership concentration

US private equity family office control — highly concentrated.

Venue

National Basketball Performance Centre (Belle Vue), leased from Manchester City Council/GLL. Capacity 2,000; avg. Year 1 attendance 1,100–1,500.

Venue risk

Third-party lease with limited club control.

Risk classification

“Benefactor-dependent startup.”

Notes

Targeted by the BBF in a regulatory dispute over FIBA European competition eligibility (High Court litigation ongoing as of the source doc). Front office of 8–12 FT led by former Olympian Dominique Allen; playing budget £300k–£420k.

Compiled: 2026-09-14