One Roof Sports & Entertainment ready to make NBA Seattle bid after league vote
One Roof Sports & Entertainment is ready to make a bid for an NBA franchise in Seattle after the league voted to explore expansion. The company, led by Kraken majority owner Samantha Holloway, is expected to put forward a bid with Holloway as the lead owner.
One Roof Sports & Entertainment is preparing to bid for an NBA franchise in Seattle. The company was formed by Kraken majority owner Samantha Holloway. CEO Tod Leiweke says they are ready for the next steps. The NBA requires the controlling owner to hold at least 15% of the franchise. Private equity can hold up to 20%. The bid is expected to be led by Holloway. The NBA's vote to explore expansion in Seattle is seen as progress towards bringing back the Sonics. The city already hosts teams from the NFL, MLB, NHL, and other leagues. The addition of a Seattle franchise is viewed as imminent. The NBA may need to realign the Eastern and Western conferences if two West Coast teams are added.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.