Want to keep the team in Seattle my ASS

July 19, 2006


The Basketball Club of Seattle (BCOS) announced today that it has signed a purchase agreement to sell its NBA Seattle SuperSonics and WNBA Seattle Storm for $350 million. The teams are being purchased by the Professional Basketball Club LLC, an Oklahoma City, Oklahoma based investment group led by Clayton I. Bennett, chairman of Dorchester Capital, a private investment company. Additional members of the group include Aubrey K. McClendon, Chairman and CEO, Chesapeake Energy Corporation; G. Jeffrey Records, Chairman of the Board and CEO, MidFirst Bank; Tom L. Ward, Chairman and CEO, Riata Energy, Inc., and G. Edward Evans, chairman, Syniverse Holding, Inc. The transaction is expected to close by the end of October of 2006.

What to tell my dad? He's been a fan since the team started way back when. Sigh, moan, sigh, sob.


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