The Sonics and the Storm are being sold to an Oklahoma City group with the not-so-hidden agenda of taking the teams east. How quickly can this threat to a local institution be pushed back?
Remember, OKC did in a Seattle institution before. Seafirst Corp., aka Seattle-First National Bank, was our state’s oldest, largest, and most stable financial institution. But in the ’80s, Seafirst’s CEO thought it would be a good thing to go into cahoots with Penn Square Bank, a tiny OKC shopping-mall bank whose main business was financing shady oil deals. The resulting fiscal catastrophe pushed Seafirst into the outstretched paws of BankAmeriCrap.