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 system in use in the BBL, although several clubs have been elected from the EBL in recent years. Currently the League consists of 12 teams with representation from both England and Scotland. Member franchises of the BBL jointly own the league, and a chairman is elected by the teams to oversee league operations. The head offices are located in Leicester, where the country's oldest team, the Leicester Riders is also based. In 2012 the BBL, along with several other basketball governing bodies including England Basketball and basketballscotland, united to form the British Basketball Union, an organisation created to promote the