Clayton Bennett

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Clayton Bennett
BornClayton Ike Bennett
1959 (age 52–53)
Oklahoma City, Oklahoma
NationalityAmerican
OccupationChairman, Dorchester Capital
Chairman, Professional Basketball Club LLC
Spouse(s)Louise Gaylord Bennett
 
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Clayton Bennett
BornClayton Ike Bennett
1959 (age 52–53)
Oklahoma City, Oklahoma
NationalityAmerican
OccupationChairman, Dorchester Capital
Chairman, Professional Basketball Club LLC
Spouse(s)Louise Gaylord Bennett

Clayton "Clay" Ike[1] Bennett (born 1959)[1] is an American businessman and chairman of the Professional Basketball Club LLC, the ownership group of the Oklahoma City Thunder, an NBA franchise formerly known as the Seattle SuperSonics. Bennett is the chairman of Oklahoma City-based Dorchester Capital Corporation, as well as the chairman emeritus of the board of directors of the Oklahoma Heritage Association.

Contents

Early business career highlights

Bennett was one of the principal owners of the San Antonio Spurs in the mid-1990s, where one of his primary duties was to represent the team on the NBA Board of Governors. Immediately prior to the 2005-06 NBA season, Bennett, along with Aubrey McClendon of Oklahoma City-based Chesapeake Energy Corporation, Tom L. Ward of Oklahoma City-based SandRidge Energy Corporation, and G. Jeffrey Records Jr. of Oklahoma City based MidFirst Bank, partnered with the city of Oklahoma City and the state of Oklahoma in providing a revenue guarantee for the NBA's New Orleans Hornets. This resulted in the relocation of the Hornets to Oklahoma City for two seasons. The temporary relocation to Oklahoma City stemmed from damage to the arena and infrastructure in New Orleans caused by Hurricane Katrina.

Ownership of the Oklahoma City Thunder

Bennett is the chairman of the Oklahoma City-based Professional Basketball Club LLC (PBC), which owns the NBA's Oklahoma City Thunder. The team was purchased from Howard Schultz in 2006 for approximately $350 million on condition that Bennett would give a good-faith effort to keep the team in Seattle. At the time, the team was known as the Seattle SuperSonics. E-mails revealed that Bennett's group never intended to keep the team in Seattle and planned to move the team to Oklahoma City.[2] After failing to get $500 million in public funding from local taxes to build a new suburban arena for the team,[3] Bennett notified the NBA on November 2, 2007, of the ownership group's intent to move the team to Oklahoma City.[4][5][6] On March 21, 2008, Bennett made known his plan that would relocate the basketball franchise without them retaining rights to the original team name, logo, colors, and history.[7] On April 18, 2008, NBA owners gave approval for moving the franchise from Seattle for the 2008–2009 season pending the outcome of the city's case to uphold the lease and the former ownership group's lawsuit to rescind the purchase.[8] On July 2, 2008, Bennett's ownership group reached a settlement agreement in the lawsuit filed by the city of Seattle, thus allowing the franchise to move from Seattle to Oklahoma City.[9]

The 2012 book Big League City: Oklahoma City's Rise to the NBA by David Holt chronicles Bennett's ownership of the Sonics and the relocation to Oklahoma City.

In April 2011, Bennett was named chairman of the NBA's relocation committee.[10]

Personal life

Bennett is married to Louise Gaylord Bennett, the daughter of Oklahoma City media mogul Edward L. Gaylord. Bennett and Louise Gaylord were high school sweethearts, meeting when he was a sophomore and she was a freshman. They have three children. Bennett's in-laws also have ties to professional sports ownership, as the Gaylords once owned a minority share of the Texas Rangers—a share which was later sold to future Republican President George W. Bush. Bennett is also a Republican.[11]

In 2000, Bennett pleaded guilty to a charge of driving under the influence. He was given a one year deferred sentence and 24 hours of community service.[12]

References

  1. ^ a b "Unwanted attention: The man who will take over the SuperSonics franchise reluctantly puts himself in the spotlight". The News Tribune. http://dwb.thenewstribune.com/sports/sonics/story/6134030p-5370924c.html. Retrieved 2008-03-25.[dead link]
  2. ^ "Howard Schultz plans to sue Clay Bennett to get Sonics back". seattletimes.nwsource.com. 2008-04-15. http://sports.espn.go.com/nba/news/story?id=3471503. Retrieved 2012-02-11.
  3. ^ "Sonics present plans for new arena". seattlepi.com. 2007-01-19. http://www.seattlepi.com/local/300387_sonics19.html. Retrieved 2009-11-03.
  4. ^ "Sonics tell NBA of intent to move SuperSonics to Oklahoma City". ESPN.com. http://sports.espn.go.com/nba/news/story?id=3091416. Retrieved 2008-03-25.
  5. ^ "Bennett: Seattle arena costs projected around $500 million". The Oklahoman. http://newsok.com/article/3001175. Retrieved 2008-04-20.
  6. ^ Allen, Percy (2007-05-20). "An interview with Clay Bennett, owner of Sonics". Seattle Times. http://seattletimes.nwsource.com/html/sports/2003714508_soni20.html. Retrieved 2008-04-23.
  7. ^ "Sonics owners willing to leave behind team name if franchise moves". The Seattle Times. Archived from the original on 2008-07-12. http://web.archive.org/web/20080712070826/http://www.nwcn.com/sports/stories/NW_032508SSB_bennett_to_leave_name_JG.24f184ad.html. Retrieved 2008-03-25.
  8. ^ "NBA owners approve Sonics' move, pending litigation". ESPN.com. http://sports.espn.go.com/nba/news/story?id=3353270. Retrieved 2008-04-19.
  9. ^ "Sonics, city reach settlement". The Seattle Times. 2008-07-02. http://seattletimes.nwsource.com/html/localnews/2008030229_sonitrial02.html. Retrieved 2008-07-02.
  10. ^ Tom Ziller (2011-04-15). "NBA Relocation Committee Considering Sacramento Kings' Anaheim Move Filled With Small Market Owners". SBNation.com. http://www.sbnation.com/nba/2011/4/15/2113841/nba-relocation-committee-sacramento-kings-anaheim. Retrieved 2011-04-16. "During this week's owners meetings in New York City, the Board of Governors made Bennett the committee's chairman."
  11. ^ "Sonics' owner hopes to have arena plan by year's end". CBSSports.com. http://cbs.sportsline.com/print/nba/story/9837392. Retrieved 2008-03-25.
  12. ^ "State of Oklahoma v. Clayton Ike Bennett". OSCN.net. http://www.oscn.net/applications/ocisweb/GetCaseInformation.asp?submitted=true&viewtype=caseGeneral&casemasterID=121346&db=Oklahoma. Retrieved 2008-03-25.

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