Chesapeake Energy Corporation Files For Bankruptcy

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Chesapeake Energy Corporation Files For Bankruptcy 

Post#1 » by RealGM Wiretap » Mon Jun 29, 2020 5:31 am

The Chesapeake Energy Corporation filed for Chapter 11 bankruptcy on Sunday due to the drop in oil prices and gas demands during the pandemic.


The company was co-founded by the late Aubrey McClendon, a founding owner of the Thunder.


Chesapeake Energy signed a 12-year deal in 2011 for the naming rights to the arena that the Thunder play in.


The deal cost $3 million in 2011 and increased 3% each season.


It is not known how the bankruptcy will affect the naming rights for the arena.

Via Royce Young/ESPN

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Re: Chesapeake Energy Corporation Files For Bankruptcy 

Post#2 » by Cassius » Mon Jun 29, 2020 12:14 pm

Mr. Silver, please move the team back to Seattle. It was a fun ride, but with a trove of refreshed assets and a pandemic that will make it very difficult for the Thunder to stay solvent, it's time to end the expirement and correct the wrongs of the previous administration.

- Management
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Re: Chesapeake Energy Corporation Files For Bankruptcy 

Post#3 » by RipCityKJ » Mon Jun 29, 2020 2:00 pm

Cassius wrote:Mr. Silver, please move the team back to Seattle. It was a fun ride, but with a trove of refreshed assets and a pandemic that will make it very difficult for the Thunder to stay solvent, it's time to end the expirement and correct the wrongs of the previous administration.

- Management

Lol so they go from an arena named after an oil company to an arena named the Climate Pledge Center?
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Re: Chesapeake Energy Corporation Files For Bankruptcy 

Post#4 » by Best2EverDoIt » Mon Jun 29, 2020 2:18 pm

Cassius wrote:Mr. Silver, please move the team back to Seattle. It was a fun ride, but with a trove of refreshed assets and a pandemic that will make it very difficult for the Thunder to stay solvent, it's time to end the expirement and correct the wrongs of the previous administration.

- Management
Never gonna happen 8-)
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Re: Chesapeake Energy Corporation Files For Bankruptcy 

Post#5 » by Cactus Jack » Mon Jun 29, 2020 5:30 pm

I'm shocked!
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Roddy wrote:- The NBA without Seattle is not the real NBA
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Re: Chesapeake Energy Corporation Files For Bankruptcy 

Post#6 » by Cactus Jack » Mon Jun 29, 2020 5:32 pm

RipCityKJ wrote:
Cassius wrote:Mr. Silver, please move the team back to Seattle. It was a fun ride, but with a trove of refreshed assets and a pandemic that will make it very difficult for the Thunder to stay solvent, it's time to end the expirement and correct the wrongs of the previous administration.

- Management

Lol so they go from an arena named after an oil company to an arena named the Climate Pledge Center?

A true feel good story. You might say! :wink:
Dominater wrote:Damn Cactus jack takin over

Roddy wrote:- The NBA without Seattle is not the real NBA

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