British Basketball League teams in the Semi-finals are also seeded, with the highest-ranking team drawn against the lowest-ranking team in one Semi-final and the two remaining teams drawn together in the other Semi-final. The culmination of the post-season is the grand Final, held at The O2 Arena in London, which sees the two Semi-final winners play a one-game event to determine the Play-off Champions. The BBL Cup emerged from a breakaway of the English Basketball Association-organised National Cup and was contested for the first time in the 2003–04 season, when Sheffield Sharks were the inaugural winners. The competition is a knockout tournament with
British Basketball League active BBL players. Last Updated on 20 September 2012 British Basketball League rules currently allow for each team to have a maximum of three "import" players – from outside of the European Union (EU) and require a work permit to play – whilst the remaining players on the roster must have citizenship of an EU country, either by birth or by naturalisation. The current ruling was integrated at the beginning of the 2006–07 season, reverting from the previous law which allowed for up to four non-EU players on a roster, along with naturalised players. New rules introduced for the 2012–13