Howard Schultz, the Sonics savior?

Categories: seattle — Tags: , , , , , , , — Posted by: steveg @ April 11, 2008 : 11:14 am

On the drive to work, Dave Mahler from 950 KJR chimed in on the recent email disclosures of the Sonics ownership. Being the great optimist that he is, he entertained the idea of one person being able to keep the Sonics in the city of Seattle.

No, it’s not Steve Ballmer.

The person Dave “Softy? Mahler is referring to is a villain of sorts in the Seattle sports world. Howard Schultz, Starbucks CEO and former majority owner of the team. All of this materialized because of the new emails that exposed the true intentions of Clayton Bennett’s ownership group. Softy brought up Schultz only interview with 950 KJR, where he disclosed some of the conditions of the deal that transferred ownership to Clay Bennett.

Schultz stated in his interview, “As part of the negotiation, I asked for something that was a deal breaker in negotiation. What I asked for was a side letter to our ownership group and to me…that said basically he would honor the four-year lease in terms of the 2010 terms, and use his best efforts over next 12 months…?

Softy is entertaining the idea that the newly revealed emails are a blatant breach of contract by the Sonics ownership group. In Softy’s ideal world, Schultz would sue Bennett’s group for breach of contract and regain ownership of the Sonics, then subsequently sell the team to Ballmer’s local group.

It terms of legal analysis, its not exactly a “slam dunk? case. There are lots of issues that would need to be explored. If Schultz group did entertain the idea of suing for breach of contract, it becomes an issue of determining if substantial performance was fulfilled, whether or not the letter is considered a part of that contract to sell the team, determining if and when Bennett’s group was discharged from its duties to the contract, and defining the concept of “good faith? in this particular situation.

Since the $350 million has already exchanged hands, Bennett’s group can merely take the stance of substantial performance since Schultz group has received a significant amount of what has been asked for by Bennett.

If in some off way, and that’s being extremely optimistic, Schultz is able to be a major cog in retaining the Sonics in Seattle, he would be able to climb out of the black hole that many Seattle-ites have thrown him into.

Of course, the idea of Schultz being the Sonics Savior is a little to hard to swallow for most fans. Maybe Softy is merely entertaining conjectures, but with the light so dim in the Sonics nations all options are starting to look like good ones.

2 Comments »

  1. Dear Howard,

    I’m a 42 year old seattlite, i was born in ballard i lived in Magnolia, i work in magnolia. You really let this town down. I can’t belive you did this. this is on yor shoulders man. You prob. don’t give a shit, i mean your rich what do you care. It doesn’t affect you in the least. You took something away from this town for your personal& private gain.For that Howard you truly suck. All i can do is not buy your products so that is what i and anybody i associate with will do.We will avoid starbucks like the plauge. Would love personally show you what you have done except your a p**** and i’d get my ass sued off. So in closing howy go f*** yourself you f***** prick.

    [Edited by Grant for excess profanity. And remember kids, study hard in school!]

    Comment by Matt Evans — July 2, 2008 @ 6:14 pm

  2. Helpful post , I was enlightened by the analysis ! Does anyone know where my company might find a blank NY DTF IT-214 document to work with ?

    Comment by Luana Boutwell — July 19, 2016 @ 11:29 am

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