From http://www.nba.com/sonics…
Sale of Sonics and Storm Announced
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. The transaction is expected to close by the end of October of 2006.
Sales Q & A…
UPDATE: Here’s the official press release.
Filed under: Sports





