Published 7/10/2008
at The Seattle Times: Sports
The NBA filed a motion Tuesday with U.S. District Court Judge Marsha Pechman in Seattle to intervene in Howard Schultz's lawsuit to rescind the 2006 sale of the Sonics to an Oklahoma City ownership group. Schultz, the Starbucks CEO, claims Clay Bennett's Professional Basketball Club fraudulently induced the Basketball Club of Seattle to sell the Sonics and Storm for $350 million and wants the court to unwind the transaction, place the Sonics in a collective trust and sell to an "honest buyer who desires to keep the team in Seattle."
(link)
Tags:
Related Content
Season-ticket holders want Bennett to pay
seattlepi.nwsource.com 7/9/2008 — If a group of fans succeeds with its class-action suit against Clay Bennett, the former Sonics owners would have to return all money collected for last year's season tickets.
Please let me off this Sonics Ride
assistbythemitten.com 7/9/2008 — On the commute into Seattle for my real job I let the possibilities wash over me. True, the city of Seattle sold out its basketball fans for $45 million. But Howard Schultz could be the long-awaited white knight. Albeit, a heavily-stained white knight covered in f-bombs and used coffee grounds.
Oklahoma City Thundercats A Potential Name For Incoming Sonics
faniq.com 7/10/2008 —
You don't have to search very hard on this site to find posts of me ripping Oklahoma City for stealing the Sonics from Seattle. I've done everything from call Oklahoma City a "dust bowl" to saying no free agents would ever go there.
...
NBA wants a voice in Schultz case
seattlepi.nwsource.com 7/10/2008 — Saying only the NBA can control franchise sales, attorneys for the league have filed a motion seeking intervention in Howard Schultz's lawsuit attempting to unwind the sale of the Sonics to Clay Bennett.
David Stern Not Doing Much to Help That Buddy-Buddy Image with Clay Bennett
nba.fanhouse.com 7/11/2008 — As we've mentioned before , there is significant evidence to believe that David Stern and Clay Bennett are good friends (I think actually, it's a fact, if that is a provable statement). This friendship took another convenient twist with the latest news re: hijacking Seattle. How else can you explain the subsequent timeline of events : Bennett signing a settlement that agrees to return the ...
