Christian Hamilton and his mother Eileen have sold up their interest in the Brighton Bears.
Director Romek Kriwald has assumed total control.
Bears, rooted to the foot of the Southern Conference table in the Dairylea Dunkers Championship, are still looking for stability off the court after enduring hard financial times in recent years with numerous ownership changes contributing to an upheaval in the playing and coaching staff.
Christian Hamilton said: "I fell the time is right for change. I have been an owner and director of Bears for the past two and a half years and now I want to pursue other interests that are available to me."
Kriwald, who became a director at the end of the 1998, admitted: "Getting some continuity is pretty crucial."
Since relocating to Brighton from Worthing before the start of the campaign, however, they have been drawing between 2,000 and 3,000 fans per game, and Kriwald said: "The long-term outlook is good.
"While we're not a big-money club at this stage, we have joined the ranks of arena clubs so we are now offering sponsors something extra like television coverage, which last year we did not have at the leisure centre in Worthing.
"Supporters have comfort and better facilities."
While DRIVER, one of the leading games available for the Sony Playstation and marketed by GT Interactive is the club's main sponsor, Kriwald expects to attract more investment.
Converted for the new archive on 30 June 2000. Some images and formatting may have been lost in the conversion.
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