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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 ]
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 Oklahoma City Council voted Tuesday to set a Dec. 12 citywide vote on a proposed 1% sales tax for six years that would fund a new $900 million downtown arena and keep the NBA's Thunder in the ...
After New York's Buffalo Bills stadium ran $300 million over budget, Oklahoma City taxpayers wonder who will pay if the Thunder's new arena goes over.
[disputed – discuss] [4] On September 3, 2008, the team name, logo, and colors for the Oklahoma City franchise were revealed to the public. The name "Thunder" was chosen due to Oklahoma being a frequent victim of powerful storms due to its location in Tornado Alley, and Oklahoma City housing the 45th Infantry Division, the Thunderbirds. [5] [6]
When a group of Oklahoma City investors moved the NBA’s SuperSonics from Seattle in 2008 and renamed the franchise the Thunder, civic pride swelled at the arrival of the state’s first major ...