Glasgow Rocks have been sold, with new owner Caledonia Basketball Holdings promising “a purpose-built, leading-edge arena”.
The company owned by Steve and Alison Timoney has purchased 100% of the shares in Rocks Basketball Ltd.
Steve Timoney said he takes over a club “in very good shape” after five years under Duncan Smillie’s ownership.
He said a new arena was necessary for Scotland’s only British Basketball League franchise to enjoy more success.
Rocks have reached one final and six semi-finals in national trophies and play-offs during Smillie’s stewardship.
They currently play at the Emirates Arena, but Timoney said the new owners “have been clear in our commitment” to create a new facility that will “provide a platform for this club and our WBBL club, Caledonia Gladiators, to compete at the top level and for basketball in Scotland to build on what is already a very strong and loyal fan base”.
Smillie, who has been in control for five years, backing the change in ownership to be a “game changer” for the club.
“They have phenomenal energy and passion for the game,” he said.
“The last five years have been great fun on a personal level, Covid aside, and whilst no silverware was delivered, I’m still immensely proud of where the franchise is today.
“We are a stable, financially secure club in a very challenging sport that is ready to move forward to the next level.”
