Franchise owner takes stand in Sonics trial - Spokane, North Idaho News & Weather KHQ.com

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Franchise owner takes stand in Sonics trial

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SEATTLE - SuperSonics owner Clayton Bennett says the team's financial losses at KeyArena are "ever-growing," but that he has the resources to absorb them.

Under questioning from city of Seattle lawyer Paul Lawrence, Bennett said Tuesday that the $65 million the team could lose if forced to honor the remaining two years of its KeyArena lease is significant, but "would not significantly alter" his family's lifestyle. Bennett also testified that he's a "reasonably sophisticated" investor and knows how to perform due diligence in making investments.

The city has argued that Bennett's Professional Basketball Club knew what it was getting into when it bought the Sonics in 2006, and that the team should not now be able to claim financial hardship in breaking the lease.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Previous coverage:

Seattle goes to court Monday in effort to keep Sonics
SEATTLE - The trial in the city of Seattle's lawsuit seeking to keep the NBA SuperSonics from moving to Oklahoma City begins today.

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