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Clay Bennett (businessman)

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Nationality  American
Role  Businessman
Name  Clayton Bennett
Education  University of Oklahoma

Full Name  Clayton Ike Bennett
Born  1959 (age 55–56)Oklahoma City, Oklahoma
Occupation  Chairman, Dorchester CapitalChairman, Professional Basketball Club LLC
Spouse(s)  Louise Gaylord Ennis(m. 1981)
Similar People  Aubrey McClendon, David Stern, Sam Presti, Howard Schultz, Scott Brooks

Clayton Ike Bennett (born 1959) 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 and a member of the Board of Regents of the University of Oklahoma.

Contents

Clay Bennett (businessman) QampA with Thunder team chairman Clay Bennett News OK

Early business career highlights

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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

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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. After failing to get $500 million in public funding from local taxes to build a new suburban arena for the team, Bennett notified the NBA on November 2, 2007, of the ownership group's intent to move the team to Oklahoma City. 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. 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. 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.

Clay Bennett (businessman) Oklahoma City Thunder Clay Bennett39s hall induction represents what

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

Clay Bennett (businessman) Clay Bennett Is Happy To Screw Oklahoma Too

On April 29, 2013, Bennett was a part of the relocation committee that unanimously voted against a proposed relocation of the Sacramento Kings to Seattle.

Personal life

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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.

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.

References

Clay Bennett (businessman) Wikipedia