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The SuperSonics' ownership group, led by Howard Schultz, had sought to persuade Washington state government officials to provide $220 million in public funding to update KeyArena. After those efforts failed, he sold the team to the Professional Basketball Club LLC (PBC), an investment group headed by Oklahoma City businessman Clay Bennett. A ...
However, on May 15, 2013, the NBA voted 22–8 to reject the Kings' proposed relocation to Seattle. [7] The day after the NBA's decision, the Maloof family reached agreement to sell the Kings to a group led by Silicon Valley tech entrepreneur Vivek Ranadivé for a record NBA franchise valuation of $535 million and the team stayed in Sacramento. [8]
The I-5 rivalry was a National Basketball Association (NBA) rivalry between the Portland Trail Blazers and the Seattle SuperSonics. [2] [1] The two Pacific Northwest cities are 180 miles (290 km) apart and connected by Interstate 5. [1]
The Seattle SuperSonics (commonly shortened to Sonics) were an American professional basketball team based in Seattle.The SuperSonics competed in the National Basketball Association (NBA) as a member of the Western Division (1967–1970), and later as a member of the Western Conference's Pacific (1970–2004) and Northwest (2004–2008) divisions.
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Bennett is the chairman of the Oklahoma City-based Professional Basketball Club LLC (PBC), which owns the NBA's Oklahoma City Thunder.Formerly known as the Seattle SuperSonics, the team was purchased from Howard Schultz in 2006 for approximately $350 million with Bennett promising a good-faith effort to keep the team in Seattle, provided there would be a public commitment to a new arena.
The SuperSonics (also known as the Sonics) were a professional basketball franchise based in Seattle, Washington, that was a member of the National Basketball Association (NBA). The Sonics played from 1967 until 2008 , [ 1 ] [ 2 ] but relocated from Seattle to Oklahoma City, Oklahoma , and were renamed as the Thunder .
The game, sponsored by Pokémon, brought the NBA back to Seattle 16 years after the SuperSonics were abruptly moved to become the Oklahoma City Thunder. For one night only, it was like the Sonics ...