Friday, November 2, 2007

Seattle group offers to buy Sonics from Bennett

SEATTLE -- A group of Seattle businessmen is offering to buy the Sonics and save the basketball team for the city.

A spokesman says the group has sent a letter to owner Clay Bennett expressing its interest and asking for a meeting.

The group is led by Dennis Daugs, managing director of Lakeside Capital Management. He's a former minority owner of the NBA franchise.

The letter says his group wants the Sonics to continue to play in Key Arena and avoid a legal fight with the city.

Bennett is expected to talk about plans to move the franchise today because there's no offer for a new arena in Seattle.

A Bennett spokesman has said he's not looking to sell the team. His group of Oklahoma City businessmen bought the team last year for $350 million.

Copyright 2007 by The Associated Press


Source: ESPN.com

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