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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 .
Howard D. Schultz (born July 19, 1953) [2] is an American businessman and author who was the chairman and chief executive officer of Starbucks from 1986 to 2000, from 2008 to 2017, and interim CEO from 2022 to 2023. Schultz owned the Seattle SuperSonics basketball team from 2001 to 2006. Schultz began working at Starbucks in 1982. [3]
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.
In 2006, Howard Schultz sold the SuperSonics for $350 million to a group of Oklahoma City investors led by Clay Bennett, a move approved by NBA owners the following October. [1] In 2007, Bennett announced that the franchise would move to Oklahoma City as soon as the lease with KeyArena expired. [2]
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.
On July 18, 2006, after unsuccessful efforts to persuade Washington state government officials to provide funding to update the SuperSonics' KeyArena, Howard Schultz and Basketball Club of Seattle LLP sold the SuperSonics and their sister team, the Women's National Basketball Association's Seattle Storm for $350 million to Professional ...
SuperSonics point guard Gus Williams during Game 3 of the 1979 NBA Finals, played at the Kingdome in Seattle, Washington, on May 27, 1979. The Sonics won the game, 95-105, and eventually the ...
The SuperSonics played their home games mainly at the Seattle Center Coliseum, the Kingdome during eight seasons, and the Tacoma Dome for one season while the Coliseum was being remodeled and later renamed KeyArena. The SuperSonics started building their roster in the 1967 NBA draft and the 1967 NBA Expansion Draft. Since then 257 players have ...