Seattle SuperSonics played their home games at KeyArena (originally the Seattle Center Coliseum) for 33 of the franchise's 41 seasons in Seattle. After failing to find public funding to construct a new arena in the Seattle area, SuperSonics moved to Oklahoma City before the 2008–09 season, following a $45 million settlement with the city of Seattle to pay off their existing lease at the KeyArena at Seattle Center before it expired in 2010. The NBA Board of Governors approved the sale on October 24, 2006, and finalized it seven days later, at which point the new ownership group took control. On July 18, 2006, Basketball Club of Seattle sold SuperSonics and its Women's National Basketball Association (WNBA) sister franchise Seattle Storm to Professional Basketball Club LLC, headed by Oklahoma City businessman Clay Bennett. It was then owned by Barry Ackerley until 2001, when it came under ownership of Basketball Club of Seattle, headed by Starbucks chairman emeritus, former president and CEO Howard Schultz.
Sam Schulman owned the team from its 1967 inception until 1983. After the 2007–08 season ended, the team relocated to Oklahoma City, where they now play as Oklahoma City Thunder. The SuperSonics competed in the National Basketball Association (NBA) as a member club of the league's Western Conference Pacific and Northwest divisions from 1967 until 2008. The Seattle SuperSonics (commonly known as the Seattle Sonics) were an American professional basketball team based in Seattle.
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