In 1982, the Pirates moved to nearby Bracknell, becoming the Bracknell Pirates and later the Thames Valley Tigers. For many years, the Tigers were one of the front runners of the British basketball scene, winning the league Championship in 1994, but it was in the new millennium that the successes dried up and for owner John Nike, the team was too much of a financial burden. In April 2005, he announced that he would no longer be funding the basketball franchise nor his ice hockey franchise Bracknell Bees.