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1. After some 16 months of intense efforts and very generous unbilled amounts of professional time and goodwill by those associated with and committed to the project, we are sadly unable to announce the hoped for result - an imminent rebirth of Lambs Squash Club in the City of London.  

2. Although all financial and other conditions finally fell into place including the search for a chairman for New Lambs, we were in the end unable to negotiate viable lease terms on the proposed new premises. In addition contagion from the subprime fallout has led to a severely adverse business environment for any new venture like an independent sports club.

3. We very much see this as a pause in, rather than an end to, the project. But we have no new timescale to offer.

4. More than 110 new people had committed to joining the proposed squash club since the beginning of September 2007. They have been added to the existing +900 players on our mailing list.  Enquiries still come in on how to join the old and sorely missed Lambs.

5. Do pass on this information to former Lamb's members or keen squash players you know.