What does Clay Bennett own?
What does Clay Bennett own?
Clayton Ike Bennett (born 1959) is an American businessman and chairman of the Professional Basketball Club LLC, the ownership group of the Oklahoma City Thunder, an NBA franchise formerly known as the Seattle SuperSonics.
Did Howard Schultz own the Sonics?
Howard D. Schultz (born July 19, 1953) is an American businessman and author. He served as the chairman and chief executive officer (CEO) of the Starbucks Coffee Company from 1986 to 2000, and then again from 2008 to 2017. Schultz also owned the Seattle SuperSonics basketball team from 2001 to 2006.
Who bought the Sonics in 2001?
Howard Schultz
Jan. 11, 2001 — The Seattle SuperSonics have been sold for $200 million to a group that includes Starbucks founder Howard Schultz, it was announced today in Seattle. Team president Wally Walker is included in the buyers’ group and helped broker the sale.
Who moved the Sonics?
When did the Sonics move to OKC? What happened to Seattle SuperSonics? In July 2006, Aubrey McClendon, his Chesapeake Energy co-founder Tom Ward and Clayton Bennett orchestrated a deal to buy the Seattle SuperSonics NBA team (along with the WNBA’s Storm) from Starbucks founder Howard Schultz for $350 million.
Who bought the Oklahoma City Thunder?
The Professional Basketball Club, LLC is a group of Oklahoma City businessmen who represent a wide variety of local and national business interests. The PBC owns both the Oklahoma City Thunder of the NBA and the Oklahoma City Blue of the NBA Developmental League. The PBC purchased the NBA franchise in 2006.
How much is the OKC Thunder worth?
This graph depicts the value of the Oklahoma City Thunder franchise of the National Basketball Association from 2003 to 2021. In 2021, the franchise had an estimated value of 1.575 billion U.S. dollars.
Why did Schultz sell the Sonics?
Five years later, Schultz — exasperated by his inability to secure public funding for a new arena for the Sonics, and turned off by NBA players whom he considered overpaid and disengaged — sold the team, for an attractive profit, to a group led by Oklahoma City businessman Clay Bennett.
Who owns the rights to the SuperSonics?
After the 2007–08 season ended, the team relocated to Oklahoma City, Oklahoma, and now play as the Oklahoma City Thunder. Sam Schulman owned the team from its 1967 inception until 1983….
| Seattle SuperSonics | |
|---|---|
| Founded | 1967 |
| History | Seattle SuperSonics 1967–2008 Oklahoma City Thunder 2008–present |
How much did Sonic sell?
The sale to Clay Bennett’s ownership group for $350 million was approved by NBA owners on October 24, 2006. Terms of the sale required the new ownership group to “use good faith best efforts” for a term of 12 months in securing a new arena lease or venue in the Seattle metropolitan area.
Who are the SuperSonics now?
Oklahoma City Thunder
The SuperSonics competed in the National Basketball Association (NBA) as a member club of the league’s Western Conference Pacific and Northwest divisions from 1967 until 2008. After the 2007–08 season ended, the team relocated to Oklahoma City, where they now play as the Oklahoma City Thunder.
Why did Seattle sell the SuperSonics?
Schultz sold the franchise to Bennett’s group because they thought that Bennett would not move the franchise to Oklahoma City but instead keep it in Seattle.
What happened to Charlotte Bobcats?
In 2013, the New Orleans franchise announced it would rebrand itself the New Orleans Pelicans, ultimately returning the Hornets name, records, and official history (spanning 1988 – 2002) to Charlotte. The Bobcats were officially renamed the Charlotte Hornets for the 2014 – 2015 NBA season.
Is Sonic publicly traded?
Sonic Corp. was incorporated in the State of Delaware in 1990 in connection with its 1991 initial public offering of common stock. Sonic is publicly traded on the NASDAQ National Market Stock Exchange (“NASDAQ”) (Ticker: SONC).
Who is the CEO of Sonic?
Hudson has been chief executive officer (CEO) of Sonic Corp. since April 1995 and was named chairman of Sonic Corp. in January 2000.
Who owns the name to the Sonics?
Sonic Corp., founded as Sonic Drive-In and more commonly known as Sonic (stylized as SONIC ), is an American drive-in fast-food restaurant chain owned by Inspire Brands, the parent company of Arby’s and Buffalo Wild Wings. As of 2021, 3,494 Sonic restaurants are located in 46 U.S. states.
Who is Sonic parent company?
MedLab Pathology’s parent company, Sonic Healthcare Ltd., is an Australian clinical diagnostic organisation. Sonic Healthcare is now the largest laboratory company in both Europe and Australasia and the 3rd largest in the USA.
