April 14th, 2008, 11:38 PM
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#1 (permalink)
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Senior Member
Join Date: May 2007
Location: Seattle
Posts: 2,226
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Howard Schultz wants the Sonics back
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Howard Schultz says he wants the Sonics back.
Nearly two years after selling Seattle's NBA franchise to Oklahoma City investors, the Starbucks mogul has hired a lawyer and is preparing to file a lawsuit against Sonics chairman Clay Bennett to rescind the July 2006 sale.
Attorney Richard Yarmuth confirmed Monday that his Seattle-based law firm, Yarmuth Wilsdon Calfo, is representing Schultz and plans to sue Bennett's Professional Basketball Club in the next two weeks.
"The damages that are being sought is to rescind, unwind the transaction," Yarmuth said a day after the team played what could have been its final home game in Seattle.
"It's not money damage. It's to have the team returned. The theory of the suit is that when the team was sold, the Basketball Club of Seattle, our team here, relied on promises made by Clay Bennett and his ownership that they desired to keep the team in Seattle and intended to make a good-faith effort to accomplish that."
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Sonics | Howard Schultz plans to sue Clay Bennett to get Sonics back | Seattle Times Newspaper
He should have never sold the Sonics in the first place. What a lousy NBA owner he was.
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Still waiting for my Starbucks card Bedir....
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Originally Posted by bedir than average on 4/16/08
I have it in hand and will mail tomorrow
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