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SEATTLE – Is there a second bidder in the conversation surrounding NBA expansion and the chances of the SuperSonics returning to Seattle? It might depend on viability of that bid and a proposal that would call for the team to eventually play in Snohomish County. Some buzz was generated in mid-August when BlackSun Private Equity announced its intent to be part of the NBA expansion conversation in Seattle, joining One Roof Sports and Entertainment as a second publicly known bidder. It was an unexpected proposal submitted to the league from a group with no significant local ties, claiming it could raise $8.1 billion to make the transaction possible. As part of their announcement, BlackSun promoted planned partnerships with local tribal communities.
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BlackSun, as a private equity group, can hold up to 30% of the investment in a franchise according to NBA rules.
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