Professional Basketball Club LLC
Professional Basketball Club LLC
Private
Founded 2006
Headquarters 208 Thunder Drive, Oklahoma City, OK 73102, U.S.
Key people
Clayton I. Bennett (Chairman, CEO)
estimated $590 million[1]
Members
  • Jeffrey Records Jr. (significant)
  • George Kaiser (19.23%)
  • Clayton I. Bennett
  • Aubrey McClendon estate
  • William Cameron
  • Jay Scaramucci
  • Everett R. Dobson
  • Robert E. Howard II[1]
Divisions Oklahoma City Thunder
Oklahoma City Blue

The Professional Basketball Club LLC is an investment group headed by Clay Bennett that owns the National Basketball Association (NBA)'s Oklahoma City Thunder franchise (formerly the Seattle SuperSonics) and the Thunder's NBA Development League affiliate Oklahoma City Blue.[2][3] The group also owned the Women's National Basketball Association (WNBA)'s Seattle Storm franchise from 2006 to 2008. The PBC then sold the Storm to local Seattle owners, before moving the SuperSonics to Oklahoma City.

History

On July 18, 2006, the Basketball Club of Seattle, led by Howard Schultz, sold the Seattle SuperSonics and Seattle Storm to the Professional Basketball Club after failing to reach an agreement with the city of Seattle over a publicly funded $220 million expansion of KeyArena.[4] The Seattle SuperSonics relocation to Oklahoma City was a successful effort by the ownership group of the Seattle SuperSonics to relocate the team from Seattle, Washington to Oklahoma City, Oklahoma. The team began play as the Oklahoma City Thunder in the 2008-09 basketball season, after becoming the third National Basketball Association (NBA) franchise to relocate in the 2000s.

The Professional Basketball Club on January 8, 2008 sold the Storm to an ownership group consisting of four Seattle businesswomen.[5] On July 31, 2008, the 66ers announced that Professional Basketball Club had purchased the Tulsa 66ers, marking the third NBA Development League team to be owned by an NBA team (Los Angeles Lakers and San Antonio Spurs).[6]

In September 2013 the OKC Thunder add station KAKC, the 66ers' radio broadcasting partner, to its Thunder Radio Network.[7] In April 2014, George Kaiser bought Tom L. Ward's interest in The Professional Basketball Club, while Jeffrey Records Jr. sold part of his stake to Bennett while two other changed their stakes.[1]


Former members

References

  1. ^ a b c d Wilmoth, Adam (April 18, 2014). "Tulsa businessman George Kaiser buys stake in Oklahoma City Thunder". The Oklahoman. Retrieved 2014. 
  2. ^ "The Professional Basketball Club LLC". Hoover's. February 6, 2015. Retrieved 2015. 
  3. ^ "The Professional Basketball Club, LLC". Oklahoma City Thunder. February 6, 2015. Retrieved 2015. 
  4. ^ a b Angela Galloway; Phuong Cat Le (July 18, 2006). "Sonics sold to ownership group from Oklahoma City". Seattle Post-Intelligencer. Retrieved 2006. 
  5. ^ Farmer, Sam (June 16, 2012). "How the Sonics became the Thunder: A timeline". Los Angeles Times. Retrieved 2017. 
  6. ^ "Oklahoma City NBA group has purchased Tulsa 66ers basketball franchise". Tulsa World. July 31, 2008. Retrieved 2017. 
  7. ^ Reports, Staff (September 10, 2013). "Thunder gets new Tulsa radio affiliate". Tulsa World. Retrieved 2017. 
  8. ^ "Thunder part-owner McClendon dies in car crash". National Basketball Association. Associated Press. March 2, 2016. Retrieved 2016. 

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


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