Storm, Sonics have buyers, but no seller
A Seattle-based group has offered to purchase the Seattle Storm and Sonics from owner Clay Bennett in an effort to keep the teams playing in the area and at KeyArena.
Bennett has not officially responded, only having a spokesperson say the teams were not for sale. The Seattle Times reports:
Dennis Daugs, who owns a Seattle investment-management firm, sent a letter to Bennett on Thursday saying he represents the potential buyers, including other former part-owners, who want to return the teams to local ownership and keep them playing at KeyArena.
It is not clear how much cash is behind the effort or whether Bennett — who says the teams aren’t for sale — will respond.
In an interview, Daugs would not say who is in the group, or even how many people are involved. But Daugs said the group has the financial wherewithal to pull off a deal if Bennett is willing to sell.
I think there’d have to be a substantial offer for Bennett to even consider relieving himself of this headache. There’s much more money to be made in Oklahoma City without the conflict, but getting out of this any earlier than the end of the 2009-10 season is going to be a kick in the teeth for Bennett.
But this uncertainty around the team is only going to cause a lot of suffering as the people of Seattle will likely refuse to spend their money on two teams that might likely leave.
Tags: clay-bennett, save-our-storm, seattle-storm, WNBARelated Stories
POSTED IN: News
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