Howard Schultz has hired a lawyer and is preparing to file a lawsuit against current team chairman Clay Bennett to rescind the July 2006 sale of the SuperSonics, the Seattle Times reported Tuesday.
Schultz sold the NBA team to Oklahoma City investors nearly two years ago. On Sunday, the Sonics played what could be their final home game in Seattle before Bennett moves the club.
Attorney Richard Yarmuth confirmed Monday that his Seattle-based law firm, Yarmuth Wilsdon Calfo, is representing Schultz and plans to sue Bennett's Professional Basketball Club in the next two weeks.
"The damages that are being sought is to rescind, unwind the transaction," Yarmuth said.
"It's not money damage. It's to have the team returned. The theory of the suit is that when the team was sold, the Basketball Club of Seattle, our team here, relied on promises made by Clay Bennett and his ownership that they desired to keep the team in Seattle and intended to make a good-faith effort to accomplish that."
Cappy07 
