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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 ...
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.
The company also owned the NBA Seattle SuperSonics and WNBA Seattle Storm professional basketball teams. The Ackerley Group was sold to Clear Channel Communications [1] (now iHeartMedia) in 2002. Ackerley announced its sale to Clear Channel Communications on October 8, 2001; [2] the merger was completed on June 14, 2002. [3]
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 .
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 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 ...
The Professional Basketball Club on January 8, 2008, sold the Storm to an ownership group consisting of four Seattle businesswomen. [6] On July 31, 2008, the Tulsa 66ers , now Oklahoma City Blue , announced that Professional Basketball Club had purchased the team, marking the third NBA Development League team to be owned by an NBA team ( Los ...