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The Seattle SuperSonics (commonly known as the Seattle Sonics) were an American professional basketball team based in Seattle. The SuperSonics competed in the National Basketball Association (NBA) as a member club of the league's Western Conference Pacific and Northwest divisions from 1967 until 2008. After the 2007–08 season ended, the team relocated to Oklahoma City, where they now play as the Oklahoma City Thunder. Sam Schulman owned the team from its 1967 inception until 1983. It was then owned by Barry Ackerley until 2001, when it came under ownership of the Basketball Club of Seattle, headed by Starbucks chairman emeritus, former president and CEO Howard Schultz. On July 18, 2006, the Basketball Club of Seattle sold the SuperSonics and its Women's National Basketball Association (WNBA) sister franchise Seattle Storm to the Professional Basketball Club LLC, headed by Oklahoma City businessman Clay Bennett. The sale was approved by the NBA Board of Governors on October 24, 2006, and finalized seven days later, at which point the new ownership group took control. After failing to find public funding to construct a new arena in the Seattle area, the SuperSonics moved to Oklahoma City before the 2008–09 season, following a $45 million settlement with the city of Seattle to pay off their existing lease at the KeyArena at Seattle Center in advance of its 2010 expiration.Home games were played at the KeyArena (originally the Seattle Center Coliseum) for 33 of the franchise's 41 seasons in Seattle. In 1978, the team moved to the Kingdome, which they shared with the Seattle Mariners of Major League Baseball (MLB) and the Seattle Seahawks of the National Football League (NFL). They returned to the Coliseum in 1985, moving temporarily to the Tacoma Dome for the 1994–95 season

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