Manchester’s basketball teams have entered a new era under the stewardship of the Sherwood Family Investment Office from the United States.
This acquisition aims to bring stability and success to the teams, both on and off the court.
Acquisition by Sherwood Family Investment Office
Manchester’s professional basketball franchises, both men’s and women’s teams, have come under the ownership of the US-based Sherwood Family Investment Office. This acquisition, the financial details of which remain undisclosed, was spearheaded by Chief Executive Ned Sherwood and President Ben Pierson.
The men’s team is set to compete in the new Super League Basketball (SLB), while the women’s team will continue to participate in their elite competition. Sherwood Family Investment Office has a history of global investments, focusing on long-term partnerships and a creative, problem-solving approach.
Leadership and Vision
Ned Sherwood, who began his career at AEA Investors and later founded the private equity firm ZS Fund LP, brings decades of experience to the table. He expressed excitement about this new phase in British professional basketball, emphasizing the energy and potential of the league.
Sherwood stated, “The new energy of the league is palpable. We are thrilled to be a part of this exciting turning point in professional basketball in Great Britain. Our goal is to create high-quality businesses with top-level management teams. We look forward to developing a sustainable, elite franchise for Manchester.”
Ben Pierson, too, highlighted Manchester’s reputation as a world-class city for sport and culture. He articulated a vision to restore the Manchester franchise to its competitive glory, aiming for the team to frequently contend for trophies.
Community and Educational Engagement
Pierson underscored the importance of basketball within the local community and educational systems in Manchester. He stressed the need for stability and growth within the franchise, particularly through strengthening community partnerships.
“Basketball in Manchester is an integral part of schools, youth, and culture,” Pierson noted. “It is imperative that we restore stability throughout the franchise and grow our partnerships throughout the community.” Pierson’s comments underline a commitment to the team’s influence beyond just sports, extending into societal development.
Role of Dominique Allen
The franchise has welcomed the return of Dominique Allen, a former operations manager and acclaimed women’s player, in a newly elevated role as Head of Operations. Allen’s extensive experience and local knowledge are seen as invaluable assets for the club’s progression.
“I’m really excited to be part of the new franchise and looking forward to its successful evolution as a top-tier club,” Allen remarked. She expressed gratitude to fans and partners, particularly highlighting the patience shown by the team’s educational partner, MMU, during this transition.
Impact on Local Sports Landscape
The acquisition is expected to have a significant impact on the local sports landscape in Manchester. With a focus on long-term success and community engagement, the new ownership aims to foster a vibrant sports culture.
The men’s team’s involvement in the Super League Basketball (SLB) represents a new era, promising heightened excitement and competition. This shift is likely to draw more attention and support from local and international audiences.
Investment Strategy and Future Plans
The Sherwood Family Investment Office’s approach to this acquisition is grounded in building sustainable, high-quality franchises. Their investment strategy includes recruiting top-tier management and fostering long-term success.
Focusing on both on-court performance and off-court community development, the new ownership is poised to achieve a harmonious balance. This dual approach ensures that the franchise not only excels in competitions but also in its contributions to the local community.
Community Reactions
Local reactions to the new ownership have been positive, with many anticipating a rejuvenation of the basketball teams in Manchester. The emphasis on community engagement and long-term success resonates with fans and partners alike.
The acquisition by the Sherwood Family Investment Office marks a significant milestone for Manchester’s basketball teams.
With a focus on long-term success and community involvement, the future looks promising for the franchise.
