Property developer Prestige Homes has taken over from Marshall as the Lions move into their new home at Winterhill.
The team will be known as the Prestige Homes MK Lions and will carry the Prestige Homes brand on all kit, floor decals and around the courtside.
Prestige Homes is part of the Prestige Group, based at Fox Milne. Founder Moody Al-Najar, said: “Basketball and the MK Lions is a great asset to the families of Milton Keynes. Not only do they play great basketball in a real family friendly atmosphere, they also make a great contribution to the community.
"I am delighted to be in a position to support the team and help ensure their continued success here in Milton Keynes.”
Prestige’s sponsorship has enabled MK Lions to move into a new permanent home at Winterhill. The club played last season in Middleton Hall at thecentre:mk folllowing its departure from Bletchley Leisure Centre due to its refurbishment.
Lions chief executive Vince Macaulay said: “Throughout our 12-year history in the city we have been trying to find a suitable permanent home in which one of the best basketball teams in the country can sit comfortably in front of their own fans.
"Having played in four separate homes in the last two years, it is poignant that Prestige Homes sponsorship will allow us to finally move into our very own prestige home.”