We are thrilled to announce that Mayor Sir Sadiq Khan is backing our plans to build a multi-hundred-million-pound arena in London — the city’s first purpose-built stadium for the sport. Mayor Khan sees this as a game-changer for London’s sports scene. For us, the equation is simple: elite performance demands elite infrastructure. The London Lions have already proven their potential — now, they will have an arena that matches their ambition.

“To make the London Lions a top team, to play highly competitively, and to re-enter the top European leagues, the team needs a purpose-built arena,” Okmanas told the Financial Times. “It’s a natural step.”

The city’s backing will provide key support for the team as it seeks to build on the sport’s rising popularity. “In the UK, basketball is a growing team sport, but it’s not number one,” Okmanas said, adding, “The engagement of the fan community is increasing.”

London Mayor Sadiq Khan said he was “thrilled” to support the Lions in their “ambitious vision to establish a state-of-the-art basketball facility in our city.” He added, “This venue can become a major hub for basketball in the capital, creating positive opportunities for young people, attracting new fans to the sport, and hosting more events — providing a significant boost to the economy.”

A home for champions, a hub for fans

Plans for the arena are still in the early stages, and it will likely take several years to bring this vision to life. However, Tesonet is fully committed to financing the project, with the city assisting in identifying and securing the ideal site for the venue.

Beyond professional basketball, our goal is to create a space where young athletes, fans, and the local community can connect and grow. From grassroots programs to major international events, this arena will be a home for everyone who shares our love for the game.