CHESHIRE Jets are up for sale after negotiations with a proposed new owner collapsed this week.
The BBL Championship club was last saved in 2007 when local businessmen including Pete Hawkins came together with coach Paul Smith to keep the club afloat as it was threatened with oblivion.
But five years later the club is once more looking for someone to take over the club after attempts by chairman Hawkins to broker a deal with an unnamed party broke down this week.
In a statement released on Friday Hawkins said: "Over the past six months I have had to make some hard decisions regarding my involvement with, and the future of, the Cheshire Jets BBL team.
"Due to new work responsibilities I now spend long periods travelling outside of the North West. With this in mind I am no longer in a position to continue to lead the running of the Jets BBL professional team. Once this was decided I sat down with the rest of the management team and we started the process of approaching
individuals who we felt could steer the club to future successes.
"Back in March, we began exclusive discussions with a preferred party and talks progressed well, unfortunately this week, through no fault of our own it became clear that this the person is unlikely to be taking over the leadership of the club.
"The club now finds itself in the position of looking for a new owner to take over the running of the club ready for the start of the 2012/13 season. Any interested parties should in the first instance contact me on firstname.lastname@example.org to discuss initial proposals.
"The 2012/13 season is due to start mid September; due to the pressing timescale I would ask only serious parties to register their interest.
"I want to make it very clear that this will have no knock on effect to the operation of Jets Foundation - our registered charity - and the many programmes that it runs including the Jets Summer Camp and National League programme both of which will continue to grow in size and success."