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