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The Seattle Supersonics are now in serious jeopardy of leaving the Seattle area.
On July 18, 2006, The Seattle Sonics, the city's first major professional sports franchise, was sold to an ownership group in Oklahoma City for $350 million.
The new ownership group said it plans to keep the team in Seattle - if it can work out a deal for a new arena in the next 12 months. Officials in Seattle said they planned to hold the Sonics to their lease, which expires in 2010.
The Sonics and the WNBA's Storm are being purchased by the Professional Basketball Club LLC, an Oklahoma City, Oklahoma based investment group led by Clay Bennett, chairman of Dorchester Capital, a private investment company, according to a news release sent out by the current and future ownership groups.
The current owners of the Sonics and the WNBA's Storm, the Basketball Club of Seattle, have said they've lost millions of dollars in recent years because their venue is too small and outdated and the lease terms are unfavorable.
Amongst the current NBA teams that have been existence prior to 1967, only the Supersonics, Knicks, and Bulls have remained in their city of origin.
Please sign this online petition to voice your opinion to keep the Seattle Supersonics in Seattle. |
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