No. the new ownership team stated they would stay in Seattle
Posted on: June 4, 2021 at 11:31:31 CT
Spanky KU
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if Seattle gave them taxpayer money. Seattle refused and they moved the team to OKC. That is not an opinion....that is a fact.
After failed efforts to persuade Washington state government officials to provide $220 million in public funding to update KeyArena, the SuperSonics' ownership group, led by Howard Schultz, sold the team to the Professional Basketball Club LLC (PBC), an investment group headed by Oklahoma City businessman Clay Bennett. A condition of the sale was that PBC execute a "good faith effort" to secure a suitable arena in the Seattle area for the team. After failing to persuade local governments to pay for a new $500 million arena complex, Bennett's group notified the NBA that it intended to move the team to Oklahoma City and requested arbitration with the city of Seattle to be released from its lease with KeyArena.