Immediately a consortium of fans was formed to save the club, headed by local businessman and fan Mike Davies, and they put together a viable package to take over the administration of the team. However, Nike failed to reach agreement in time for them to lease the franchise, and the deadline for entry into the BBL for 2005–06 was reached. The Tigers' BBL membership thus lapsed, but the fans obtained permission from the League to enter a new team in their place, and successful negotiations with the Spectrum Arena in Guildford, where the Pirates franchise started, led to the birth of the brand new Guildford Heat.