Monday, September 24, 2007

Seattle Strikes Back

The city of Seattle filed a lawsuit in King County, WA today against PBC and the Seattle Sonics. The suit explains that the original lease specifically excluded the lease's term from arbitration. It also blames the 1998 NBA lockout and subsequent poor Sonics team performance for the fall from profitability. The lease was profitable for both the team and the city prior to the lockout when the team averaged close to 600,000 in yearly attendance. It is well below 500,000 at this point.

Thus begins a long, drawn out court battle that can only be stopped by Bennett selling the team to local ownership or actually MEETING with local officials to discuss a plan.

For the rest of us, it is time to wait and see what Bennett and his cronies do next.

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