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NHL Kraken Owner 'Heavy Favorites' for potential Seattle NBA Franchise


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Vince Carbonneau
August 19, 2024  (10:48)
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Supersonics fan trying to save the team from moving out
Photo credit: The Ringer

If the NBA expands to Seattle, the ownership group of the NHL's Seattle Kraken is a leading contender to secure the new franchise, according to Bloomberg. The Kraken are owned by David Bonderman, a founding partner of TPG Capital, and his daughter Samantha Holloway.

Climate Pledge Arena, home to the Kraken, is considered NBA-ready should a franchise be awarded. The arena will host its third consecutive preseason game this October, showcasing its suitability for basketball.
«We built the arena with basketball in mind,» said Kraken President Tod Leiweke. «We invested a lot of effort because we anticipated another significant moment in the NBA.»
Bloomberg also notes that the NBA expansion fee could range between $4 billion and $5 billion.
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NHL Kraken Owner 'Heavy Favorites' for potential Seattle NBA Franchise

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