Plymouth will have a team in the BBL after all this season.
Investment from local businessman, and a sponsor of the Raiders, Carl Heslop, will see him take on the British Basketball League franchise after its previous owners withdrew.
Notably, no confirmation was given that the Raiders name will be continued or play at the Pavilions, with it suggesting this is a replacement, not a takeover.
“I am delighted that, working with the BBL, we have found a way forward to keep the club in the top-flight of British basketball,†Heslop said.
“The club has a storied history, and is at the heart of the community, and it is right that we found a way to continue its great work.â€
“I have been very pleased with the support we have had from the City Council, Marjon University and the BBL.â€
“But, most importantly, the supporters and wider business community, have really stepped forward, and it gives us confidence we can work towards a sustainable future.â€
Sir Rodney Walker, Chairman of the BBL, said: “The impact of Covid-19 on all sport in the UK in the last eighteen months has been immense, but we are determined that basketball comes out of the pandemic stronger and united.â€
“Plymouth has always been a well-supported club and basketball is a sport that is popular in the most challenged communities in our society, and we want to ensure that basketball continues to support those communities in Plymouth.â€
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