UK Sport CEO Liz Nicholl said:
"It is very disappointing that the parties responsible for British Basketball were unable to reach collective agreement on the governance and the future financial sustainability of the sport.
In May, the Department for Digital, Culture, Media and Sport (DCMS) confirmed a one-off, exceptional, investment to be routed through UK Sport to enable GB athletes to compete in important World Cup qualifying games.
An investment of £195,000 was provided to British Basketball to cover costs for their athletes’ June and July fixtures. A further £305,000 remains ring-fenced to enable the GB men’s and women’s senior teams to fulfil international commitments in 2018/19.
This will only be released if British Basketball and the home country associations can work together to find a sustainable financial and governance plan to support its athletes going forward.
We are aware that some formal changes have been made through an Extraordinary General Meeting. We await further details and hope for rapid progress."
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