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Message: <blockquote data-quote="Snattlerake" data-source="post: 4175319" data-attributes="member: 44288">Just the facts ma'am, just the facts.Thunder. "Bennett is the chairman of the Oklahoma City-based Professional Basketball Club LLC (PBC), which owns the NBA's Oklahoma City Thunder. Formerly known as the Seattle SuperSonics, the team was purchased from Howard Schultz in 2006 for approximately $350 million with Bennett promising a good-faith effort to keep the team in Seattle, provided there would be a public commitment to a new arena. After failing to get $500 million in public funding from local taxes to build a new suburban arena for the team, Bennett notified the NBA on November 2, 2007, of the ownership group's intent to move the team to Oklahoma City. On March 21, 2008, Bennett made known his plan to relocate the basketball franchise. The NBA commissioner David Stern was supportive of the move to send a message to all cities that if you do not subsidize the NBA then you could lose your team like Seattle. On April 18, 2008, NBA owners gave approval for moving the franchise from Seattle for the 2008–2009 season pending the outcome of the city's case to uphold the lease and the former ownership group's lawsuit to rescind the purchase. On July 2, 2008, Bennett's ownership group reached a settlement agreement in the lawsuit filed by the city of Seattle, thus allowing the franchise to move from Seattle to Oklahoma City." The moral of the story is, Bennett relocated the team before, he will relocate the team again if he does not get a new arena. I am not for nor I am against the sales tax for the new arena. I am only posting the facts.From another source.</blockquote>

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