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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.
Oklahoma City Mayor David Holt, an avid supporter of the stadium subsidy, stated that he was confident that the team would leave Oklahoma City unless the city paid for the new stadium. [107] In a December 2023 referendum, Oklahoma City voters voted to pay for at least $850 million of the cost of the stadium while the team, valued at $3 billion ...
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]
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.
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.
OKC's city council will consider a contract with the architecture team behind Las Vegas' Allegiant Stadium to design Oklahoma City's new NBA arena. OKC to consider $61M contract with Kansas-based ...
Pages in category "Oklahoma City Thunder owners" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes. B.
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 ...