Sheffield Sharks and Sheffield Hatters have been taken over by an American businessman, ending decades-long stewardship by local people and ushering the two basketball clubs into a new, previously uncharted, era.
Vaughn Millette, an American entrepreneur based in New York with experience across finance, energy and live entertainment, is the new principal owner of both the men’s and women’s clubs after acquiring a controlling interest. Despite the change in ownership structure, the day-to-day running of the club will continue as before with Sarah Backovic becoming CEO of the two clubs and head coaches Atiba Lyons of the Sharks and Vanessa Ellis of the Hatters awarded new long-term contracts.
None of this uncertainty appears to have put off Millette in buying into British basketball, or the Sharks for placing their future in the hands of external investors. Both the Sharks and Hatters have experienced a year of unprecedented growth having moved into the £14m privately funded Canon Medical Arena last October after years of trying to get an arena of their own.
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