Owners Of NHL's Kraken Considered 'Heavy Favorites' To Be Awarded Seattle's NBA Franchise
If the NBA expands to Seattle, the ownership group of the NHL's Seattle Kraken are heavy favorites to be awarded the franchise, reports Bloomberg. The Kraken are owned by David Bonderman and his daughter Samantha Holloway. Bonderman is the founding partner of TPG Capital.
Climate Pledge Arena, home of the Kraken, is reportedly NBA ready if they are awarded a franchise. The arena will host a preseason game this October, which will be the third straight year they have done so.
“We built the arena in a very, very specific way to accommodate basketball,” Kraken President Tod Leiweke has said of the renovated facility. “We spent a lot of time because we knew there was another big moment coming in the NBA.”
Bloomberg also reported that the expansion fee for the NBA could be between $4 billion and $5 billion.