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View Full Version : Sonics' former owner will sue to rescind '06 sale of team
http://cbs.sportsline.com/nba/story/10780740/rss
April 15, 2008
CBSSports.com staff and wire reports
Howard Schultz has hired a lawyer and is preparing to file a lawsuit against
current team chairman Clay Bennett to rescind the July 2006 sale of the
SuperSonics, the Seattle Times reported Tuesday.
Schultz sold the NBA team to Oklahoma City investors nearly two years ago.
On Sunday, the Sonics played what could be their final home game in Seattle
before Bennett moves the club.
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.
"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."
Jimbo Jones 04-15-2008, 05:01 PM On Apr 15, 8:48 am, "W" <n*g...@excite.com> wrote:
> http://cbs.sportsline.com/nba/story/10780740/rss
>
> April 15, 2008
> CBSSports.com staff and wire reports
>
> Howard Schultz has hired a lawyer and is preparing to file a lawsuit against
> current team chairman Clay Bennett to rescind the July 2006 sale of the
> SuperSonics, the Seattle Times reported Tuesday.
>
> Schultz sold the NBA team to Oklahoma City investors nearly two years ago.
> On Sunday, the Sonics played what could be their final home game in Seattle
> before Bennett moves the club.
>
> 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.
>
> "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."
Holy balls Schultz! I didn't think you had it in ya! This would be
tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
a team!
I'm going out to buy 10 Starbucks latte's in celebration of this
momentus occasion!
It definitely an interesting turn of events.
"Jimbo Jones" <tomthetauren@yahoo.com> wrote in message
news:385d0824-a9a2-4ae4-99f0-c0316b485ac9@k10g2000prm.googlegroups.com...
> On Apr 15, 8:48 am, "W" <n*g...@excite.com> wrote:
>> http://cbs.sportsline.com/nba/story/10780740/rss
>>
>> April 15, 2008
>> CBSSports.com staff and wire reports
>>
>> Howard Schultz has hired a lawyer and is preparing to file a lawsuit
>> against
>> current team chairman Clay Bennett to rescind the July 2006 sale of the
>> SuperSonics, the Seattle Times reported Tuesday.
>>
>> Schultz sold the NBA team to Oklahoma City investors nearly two years
>> ago.
>> On Sunday, the Sonics played what could be their final home game in
>> Seattle
>> before Bennett moves the club.
>>
>> 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.
>>
>> "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."
>
> Holy balls Schultz! I didn't think you had it in ya! This would be
> tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
> a team!
>
> I'm going out to buy 10 Starbucks latte's in celebration of this
> momentus occasion!
Kevsan AKA KJHanz 04-15-2008, 07:50 PM "Jimbo Jones" <tomthetauren@yahoo.com> wrote in message
news:385d0824-a9a2-4ae4-99f0-c0316b485ac9@k10g2000prm.googlegroups.com...
snip
Holy balls Schultz! I didn't think you had it in ya! This would be
tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
a team!
I'm going out to buy 10 Starbucks latte's in celebration of this
momentus occasion!
Apparentlty(my son works for StarSmucks) buisness hasnt been so good of
late, 15000 Sonic Ticket Holders buying coffee caint hurt.
KjH
Kevsan AKA KJHanz 04-15-2008, 07:51 PM Hey DubU, you give the group a bad name when you top post
KjH
"W" <n*gr**@excite.com> wrote in message
news:lMednf_dqOB8c5nVnZ2dnUVZ_smnnZ2d@comcast.com...
> It definitely an interesting turn of events.
>
> "Jimbo Jones" <tomthetauren@yahoo.com> wrote in message
> news:385d0824-a9a2-4ae4-99f0-c0316b485ac9@k10g2000prm.googlegroups.com...
>> On Apr 15, 8:48 am, "W" <n*g...@excite.com> wrote:
>>> http://cbs.sportsline.com/nba/story/10780740/rss
>>>
>>> April 15, 2008
>>> CBSSports.com staff and wire reports
>>>
>>> Howard Schultz has hired a lawyer and is preparing to file a lawsuit
>>> against
>>> current team chairman Clay Bennett to rescind the July 2006 sale of the
>>> SuperSonics, the Seattle Times reported Tuesday.
>>>
>>> Schultz sold the NBA team to Oklahoma City investors nearly two years
>>> ago.
>>> On Sunday, the Sonics played what could be their final home game in
>>> Seattle
>>> before Bennett moves the club.
>>>
>>> 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.
>>>
>>> "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."
>>
>> Holy balls Schultz! I didn't think you had it in ya! This would be
>> tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
>> a team!
>>
>> I'm going out to buy 10 Starbucks latte's in celebration of this
>> momentus occasion!
>
I don't even know what that is?
"Kevsan AKA KJHanz" <slick@willy.net> wrote in message
news:EO6Nj.1277$FF6.928@newssvr29.news.prodigy.net...
> Hey DubU, you give the group a bad name when you top post
> KjH
> "W" <n*gr**@excite.com> wrote in message
> news:lMednf_dqOB8c5nVnZ2dnUVZ_smnnZ2d@comcast.com...
>> It definitely an interesting turn of events.
>>
>> "Jimbo Jones" <tomthetauren@yahoo.com> wrote in message
>> news:385d0824-a9a2-4ae4-99f0-c0316b485ac9@k10g2000prm.googlegroups.com...
>>> On Apr 15, 8:48 am, "W" <n*g...@excite.com> wrote:
>>>> http://cbs.sportsline.com/nba/story/10780740/rss
>>>>
>>>> April 15, 2008
>>>> CBSSports.com staff and wire reports
>>>>
>>>> Howard Schultz has hired a lawyer and is preparing to file a lawsuit
>>>> against
>>>> current team chairman Clay Bennett to rescind the July 2006 sale of the
>>>> SuperSonics, the Seattle Times reported Tuesday.
>>>>
>>>> Schultz sold the NBA team to Oklahoma City investors nearly two years
>>>> ago.
>>>> On Sunday, the Sonics played what could be their final home game in
>>>> Seattle
>>>> before Bennett moves the club.
>>>>
>>>> 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.
>>>>
>>>> "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."
>>>
>>> Holy balls Schultz! I didn't think you had it in ya! This would be
>>> tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
>>> a team!
>>>
>>> I'm going out to buy 10 Starbucks latte's in celebration of this
>>> momentus occasion!
>>
>
>
Kevsan AKA KJHanz 04-16-2008, 09:11 PM When you type your reply at the top of the reply instead of the bottom. You
did know this right, its just that Seattle is so DONE as an NBA City we are
reduced to this?
KjH
"W" <n*gr**@excite.com> wrote in message
news:HeidnbAaWa1elZjVnZ2dnUVZ_rKtnZ2d@comcast.com...
>I don't even know what that is?
>
> "Kevsan AKA KJHanz" <slick@willy.net> wrote in message
> news:EO6Nj.1277$FF6.928@newssvr29.news.prodigy.net...
>> Hey DubU, you give the group a bad name when you top post
>> KjH
>> "W" <n*gr**@excite.com> wrote in message
>> news:lMednf_dqOB8c5nVnZ2dnUVZ_smnnZ2d@comcast.com...
>>> It definitely an interesting turn of events.
>>>
>>> "Jimbo Jones" <tomthetauren@yahoo.com> wrote in message
>>> news:385d0824-a9a2-4ae4-99f0-c0316b485ac9@k10g2000prm.googlegroups.com...
>>>> On Apr 15, 8:48 am, "W" <n*g...@excite.com> wrote:
>>>>> http://cbs.sportsline.com/nba/story/10780740/rss
>>>>>
>>>>> April 15, 2008
>>>>> CBSSports.com staff and wire reports
>>>>>
>>>>> Howard Schultz has hired a lawyer and is preparing to file a lawsuit
>>>>> against
>>>>> current team chairman Clay Bennett to rescind the July 2006 sale of
>>>>> the
>>>>> SuperSonics, the Seattle Times reported Tuesday.
>>>>>
>>>>> Schultz sold the NBA team to Oklahoma City investors nearly two years
>>>>> ago.
>>>>> On Sunday, the Sonics played what could be their final home game in
>>>>> Seattle
>>>>> before Bennett moves the club.
>>>>>
>>>>> 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.
>>>>>
>>>>> "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."
>>>>
>>>> Holy balls Schultz! I didn't think you had it in ya! This would be
>>>> tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
>>>> a team!
>>>>
>>>> I'm going out to buy 10 Starbucks latte's in celebration of this
>>>> momentus occasion!
>>>
>>
>>
R.Scott 04-21-2008, 06:08 PM > I'm going out to buy 10 Starbucks latte's in celebration of this
> momentus occasion!
Thats all the Lawsuit is about. PR and PR only. Make Howard seem
like a nice guy
I bet they dont even have 10% chance of winning it.
I have no illusions about the Sonics staying in Seattle. Frankly I'd like to
give Bennett and the NBA a big F U before they leave.
"Kevsan AKA KJHanz" <slick@willy.net> wrote in message
news:N3tNj.20346$%41.4480@nlpi064.nbdc.sbc.com...
> When you type your reply at the top of the reply instead of the bottom.
> You did know this right, its just that Seattle is so DONE as an NBA City
> we are reduced to this?
> KjH
> "W" <n*gr**@excite.com> wrote in message
> news:HeidnbAaWa1elZjVnZ2dnUVZ_rKtnZ2d@comcast.com...
>>I don't even know what that is?
>>
>> "Kevsan AKA KJHanz" <slick@willy.net> wrote in message
>> news:EO6Nj.1277$FF6.928@newssvr29.news.prodigy.net...
>>> Hey DubU, you give the group a bad name when you top post
>>> KjH
>>> "W" <n*gr**@excite.com> wrote in message
>>> news:lMednf_dqOB8c5nVnZ2dnUVZ_smnnZ2d@comcast.com...
>>>> It definitely an interesting turn of events.
>>>>
>>>> "Jimbo Jones" <tomthetauren@yahoo.com> wrote in message
>>>> news:385d0824-a9a2-4ae4-99f0-c0316b485ac9@k10g2000prm.googlegroups.com...
>>>>> On Apr 15, 8:48 am, "W" <n*g...@excite.com> wrote:
>>>>>> http://cbs.sportsline.com/nba/story/10780740/rss
>>>>>>
>>>>>> April 15, 2008
>>>>>> CBSSports.com staff and wire reports
>>>>>>
>>>>>> Howard Schultz has hired a lawyer and is preparing to file a lawsuit
>>>>>> against
>>>>>> current team chairman Clay Bennett to rescind the July 2006 sale of
>>>>>> the
>>>>>> SuperSonics, the Seattle Times reported Tuesday.
>>>>>>
>>>>>> Schultz sold the NBA team to Oklahoma City investors nearly two years
>>>>>> ago.
>>>>>> On Sunday, the Sonics played what could be their final home game in
>>>>>> Seattle
>>>>>> before Bennett moves the club.
>>>>>>
>>>>>> 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.
>>>>>>
>>>>>> "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."
>>>>>
>>>>> Holy balls Schultz! I didn't think you had it in ya! This would be
>>>>> tremendous! Kick Clay's ass and send it back to Oklahomo City WITHOUT
>>>>> a team!
>>>>>
>>>>> I'm going out to buy 10 Starbucks latte's in celebration of this
>>>>> momentus occasion!
>>>>
>>>
>>>
>
>
winnard 04-24-2008, 02:22 AM "R.Scott" <w7psk@yahoo.com> wrote in message
news:b71cfe52-042d-486a-a387-83fe6cd19034@z24g2000prf.googlegroups.com...
> > I'm going out to buy 10 Starbucks latte's in celebration of this
> > momentus occasion!
>
> Thats all the Lawsuit is about. PR and PR only. Make Howard seem
> like a nice guy
> I bet they dont even have 10% chance of winning it.
BUY MORE OVERPRICED COFFEE!!
winnard
MACK DADDY 04-24-2008, 05:04 AM On Apr 23, 6:22 pm, "winnard" <8tra...@cox.net> wrote:
> "R.Scott" <w7...@yahoo.com> wrote in message
>
> news:b71cfe52-042d-486a-a387-83fe6cd19034@z24g2000prf.googlegroups.com...
>
> > > I'm going out to buy 10 Starbucks latte's in celebration of this
> > > momentus occasion!
>
> > Thats all the Lawsuit is about. PR and PR only. Make Howard seem
> > like a nice guy
> > I bet they dont even have 10% chance of winning it.
>
> BUY MORE OVERPRICED COFFEE!!
>
> winnard
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I think a good punishment for all of Gay Bennetts lies would be for
the league to not allow them any first-round draft picks for the next
10 years!
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