Bball UK Stand By Investment Claims After Validity Called Into Question

By Sam Neter on February 5, 2015

Bball UK have stood by their claims of a £35million investment pot after a Daily Express article questioned its validity on Thursday.

The Daily Express, who named New-York based Global Emerging Markets as the private equity firm behind the money, claim a well placed source questions the validity of the investment firm.

“They say the money is real, but if anyone thinks these guys are the answer they could be in for a shock,” the source alleged.

It was enough to rouse a response from Bball UK, who say people should be “absolutely reassured” the money is real.

“People should be absolutely reassured that the money has been allocated by the investor – something that will be made abundantly clear in any BBALL UK representation to the professional league licence review committee,” they said in a statement.

“We remain committed to working with all the relevant parties within the sport so this opportunity can be seized.”

The reported investment group, Global Emerging Markets, also known as “GEM”, are “a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world,” according to their website.

GEM were unable to be reached for comment.

Image Source: Rupert Ganzer

Do you like our work?

We have a tiny favour to ask. In 2018 we set out to make Hoopsfix sustainable by building our relationship directly with our readers. Up until now, Hoopsfix has been creating editorials, videos and podcasts to provide sorely missing coverage of the British game and its distinct culture and community.

We have funded Hoopsfix with our freelance work creating basketball media, but sadly that means not only does it fall behind our client’s priorities, but some of those clients are the same organisations we need to report objectively on putting us in a conflicted position.

We want to devote more time to our mission of helping British basketball reach its potential, and produce even more content for the basketball community by making Hoopsfix a sustainable 100% independent business funded directly by our readers through Patreon.

If everyone who enjoys our content chose to support us, our future would be much more secure. For as little as $3 per month, you can support Hoopsfix – and it only takes a minute.

We are tremendously honoured and humbled to have a community of people who value what we do, and we look forward to being at the forefront of the British game as it continues to evolve.

Support Hoopsfix