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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 ...
The Thunder ownership agreed to contribute $50 million — or an estimated 5.5% — of the potential venue's proposed minimum cost of $900 million, which critics say puts the overwhelming ...
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.
Oklahoma City Mayor David Holt unveiled a proposal Tuesday for a new $900 million downtown arena that would keep the NBA’s Thunder in the city through at least 2050 if approved by voters. The ...
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.
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.