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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 ...
A key reason given for the Sonics' relocation to Oklahoma City in 2008 was KeyArena's small size and lack of amenities. Before moving the team, the SuperSonics' ownership group proposed that a new arena be built in Renton using $500 million in public funds, but an agreement was not made. [4]
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 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]
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 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 ...