Dan GillmorSep 18, 2023
Welfare for billionaires in Oklahoma City -- yet another example of the way the ultra wealthy, with the connivance of politicians, rip off the public via lies and threats. https://popular.info/p/the-oklahoma-city-boondoggle?utm_campaign=email-post&r=qs4z&utm_source=substack&utm_medium=email Fine reporting, as usual, by @juddlegum
The Oklahoma City boondoggle

The Oklahoma City Thunder and its fans have made Clayton Bennett and the other owners of the NBA team extraordinarily wealthy. Bennett purchased the franchise, then called the Seattle Supersonics, in 2006 for $325 million. He moved the team to Oklahoma City in 2008, where it became one of the NBA's most compelling franchises. The Thunder drafted two future league MVPs, Russell Westbrook and James Harden, to play alongside superstar Kevin Durant, and the trio made a run to the 2012 NBA Finals. Since 2020, the team has undergone a successful rebuild, acquiring multiple talented young players, including All-Star Shai Gilgeous-Alexander, along with a massive stockpile of future draft picks. They are, by some accounts,

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@dangillmor

"Previously, Holt said that Thunder ownership had committed to make a "significant financial contribution" to the new arena. Last week, however, plans for a new $900 million arena for the Thunder were finalized. The team contribution would be just $50 million, with taxpayers footing the remainder of the bill. That's about $3,200 for every Oklahoma City household."
~@juddlegum
https://popular.info/p/the-oklahoma-city-boondoggle?utm_campaign=email-post&r=qs4z&utm_source=substack&utm_medium=email

#corporatocracy #Grift #SocialismForTheRich
#Politics #Oklahoma #USA

The Oklahoma City boondoggle

The Oklahoma City Thunder and its fans have made Clayton Bennett and the other owners of the NBA team extraordinarily wealthy. Bennett purchased the franchise, then called the Seattle Supersonics, in 2006 for $325 million. He moved the team to Oklahoma City in 2008, where it became one of the NBA's most compelling franchises. The Thunder drafted two future league MVPs, Russell Westbrook and James Harden, to play alongside superstar Kevin Durant, and the trio made a run to the 2012 NBA Finals. Since 2020, the team has undergone a successful rebuild, acquiring multiple talented young players, including All-Star Shai Gilgeous-Alexander, along with a massive stockpile of future draft picks. They are, by some accounts,

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Sep 18, 2023 at 11:28pmWeb