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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 team relocated to Oklahoma City and began play as the Oklahoma City Thunder in the 2008–09 basketball season, becoming the third NBA franchise to relocate in the 2000s. The Professional Basketball Club on January 8, 2008, sold the Storm to an ownership group consisting of four Seattle businesswomen. [6]
A plan for such build-out improvements began in 2007. It came in the wake of the acquisition of the Seattle SuperSonics by an Oklahoma City-based ownership group the previous October. A city ballot initiative approved by a 62 percent margin on March 4, 2008, extended a prior one-cent city sales tax for a period of 15 months in order to fund ...
It takes a lot of money to own a pro sports team.
McClendon was an original member of the Professional Basketball Club LLC, which owns the National Basketball Association (NBA)'s Oklahoma City Thunder franchise. [57] He was a part of the team that moved the Seattle SuperSonics to Oklahoma City in 2008, where they were renamed the Oklahoma City Thunder. At the time the team moved, McClendon ...
Then, the city would spend $50 million contributed by the Thunder ownership, before using a minimum of $772 million expected to be financed through the sales tax beginning on April 1, 2028.
The Thunder is owned by Professional Basketball Club LLC with Sam Presti as its general manager. The team was formed in 1967 as the Seattle SuperSonics. After spending 41 seasons in Seattle, the SuperSonics moved to Oklahoma City. Owner Clay Bennett, who purchased the team in 2006, sought to get public funding for a new arena in Seattle, or a ...
The Seattle SuperSonics relocation to Oklahoma City was a successful effort by the owners of the Seattle SuperSonics to move the National Basketball Association (NBA) team from Seattle, Washington, to Oklahoma City, Oklahoma. The team, the third NBA franchise to move in the 2000s, began play as the Oklahoma City Thunder in the 2008–09 NBA season.