The team was originally owned by David Kahn, operator of Southwest Basketball, LLC. In February 2009 SK Baseball, the group that owns the Triple-A MiLB Reno Aces, purchased the Bighorns. Two years later the team was purchased by Bighorns Basketball, LLC making it a locally owned team.
In July 2008, the team announced their nickname, as the Bighorns. Two previous Reno basketball teams were named the Bighorns; one from the defunct Western Basketball Association, and one from the Continental Basketball Association which played for the 1982-83 season. The team colors of green, tan, and blue are designed to be an allusion to nearby Lake Tahoe.
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