Howard Schultz Seattle Supersonic Regrets
Howard Schultz Former Seattle Supersonics Owner
Howard M.Schultz is the chairman and CEO of Starbucks. He is also the former owner of the Seattle SuperSonic and an acclaimed businessman.
During his tenure as the owner of NBA Seattle SuperSonic, he was heavily criticized for his propensity to run the franchise as his personal business rather than a sports team.
He feuded with players and media alike including hall of fame point guard Gary Payton; whom Schultz claimed disrespected him and the team when he failed to show up on the first day of training camp, 2002.
After failing to convince the city of Seattle to provide the public funds needed for a proposed $500 million arena, Schultz sold the team to Oklahoma businessman Clay Bennett and his partners at The Professional Basketball Club LLC chairman for a whooping $350 million.
Howard Schultz says he indeed regretted the decision to purchase the NBA team way back then. He profoundly stated that it was a dream that soon became a nightmare.
In an interview with Canadian talk show host, George Stroumboulopoulos, he aired his thoughts on one of the rare occasions about buying and selling of the Seattle Supersonics.
Although he was Vague about the controversial sale to Clay Bennett, he did make some vital points, which ultimately led to the relocation of the team to Oklahoma City.
He admitted that after buying the Sonics, he came to the realization that the culture clashed with his own personal values and vowed never to attempt such again in the future.