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Old 10-24-2006, 03:55 PM   #1
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Default NBA approves sale of Sonics

http://www.insidehoops.com/sonics-sa...d-102406.shtml

It was announced today that the NBA Board of Governors has approved the sale of the Seattle SuperSonics & Storm to the Professional Basketball Club (PBC) LLC at the annual Board of Governors meeting.

On July 18, 2006, the Basketball Club of Seattle (BCOS) announced that it had signed a purchase agreement to sell the Sonics & Storm to Professional Basketball Club (PBC), an Oklahoma City, Oklahoma based investment group led by Clayton I. Bennett, chairman of Dorchester Capital, a private investment company.
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