Last April, Schultz sued to regain ownership, contending Bennett failed to carry through on a promise to negotiate in good faith for a new arena in Seattle for one full year. Schultz had hoped to undo the sale so he could initiate a transfer of the team to a buyer who would keep it in Seattle.
"Seattle’s best chance for a professional basketball franchise is to end this litigation and allow the city, state Legislature and other parties to begin the necessary fence mending with the NBA.”
MSNBC
August 29, 2008
Schultz Drops Sonics Lawsuit
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