The London City Royals have announced that the club will go into liquidation.

The South London side have this morning announced that they will no longer be able to continue after running into financial difficulties. Their results this season will be expunged from the records, and of course, all further games cancelled. The next game for the Manchester Giants was due to be against the London City Royals at George H Carnall on Sunday 2nd February.

Ticket sales for this fixture have been suspended since rumours started to circulate about the future of the Royals on Wednesday morning and the club can confirm that the tickets will remain valid for any single game for the rest of the season, but should you wish, you can claim a refund instead. All purchasers will be e-mailed today (Friday), please e-mail if you don’t receive this e-mail.

The Manchester Giants would like to offer their thoughts and best wishes to the fans, players and staff of the London City Royals.

London City Royals Statement:

Following an EGM, it is with deep regret we announce shareholders have voted unanimously that ABC Basketball Limited T/A London City Royals should cease to operate with immediate effect, pending liquidation.

The Royals had a very successful first year winning the BBL Trophy and playing in the BBL Play-Off finals at the O2. Prospects for the current season were also very promising.

Our vision for the Royals to create a brand that was a real ‘Force for Change’ by creating a pathway for young Londoners to achieve improved life outcomes through basketball and our elite team was something that achieved great resonance in many circles.

Our vision for basketball has been well documented – we all believed in the Royals being a medium for sporting and social change in London.

However, the financial pressures of operating a London based club together with the failure to secure additional investment and sponsorship contracts has meant that the operation of an elite professional team in the BBL is no longer viable and so we must cease trading with immediate effect.

We would like to take this opportunity to thank all our fans, team members and playing staff for all their support during our all too short existence.

A BBL spokesperson said:

“We are obviously very disappointed by the Royals’ decision to withdraw from BBL, which will be felt across the basketball community.

“Our thoughts are particularly with Royals’ players, staff and supporters, for whom this will be an extremely difficult time.”