By 2024, Basketball League Ltd (BLL), the operating company behind the BBL, was in severe financial difficulties.

[1] Due to this uncertainty, the British Basketball Federation (BBF) terminated BLL's operating license to run the men's professional league, with immediate effect.

The consortium, led by Sarah Backovic, director of Sheffield Sharks, was granted a three-year license by the BBF to operate the top-level men's basketball competition, in place of the former BBL.

[4] Rules currently allow for each team to have a maximum of six non-British qualified players per game.

There is a salary cap set at £400,000 per season, excluding the highest paid British-qualified player, for all SLB teams.