Share “Tulsa businessman George Kaiser buys stake...”

Tulsa businessman George Kaiser buys stake in Oklahoma City Thunder

Kaiser is buying out the ownership interest of Tom Ward, who had a reported 19.23 percent stake in the team.
by Adam Wilmoth Modified: April 18, 2014 at 7:13 pm •  Published: April 19, 2014

“I am very pleased to have been a part of the group that brought the Thunder to Oklahoma City,” Ward said. “The team has generated tremendous excitement in our city and state. This transaction allows me to have greater focus on the things that I know and care about the most, which include launching new Oklahoma-based energy companies and supporting charitable organizations that demonstrate compassion to those in need.”

Ward previously reported he controlled 19.23 percent of the team. Forbes has estimated the Thunder worth at about $590 million.

Also Friday, several other Thunder owners said they have raised or lowered their stake in the team. MidFirst Bank CEO Jeffrey Records Jr. remains “a significant owner” after selling some of his stake to Bennett, American Energy Partners CEO Aubrey McClendon, American Fidelity Assurance Co. CEO William Cameron and Balon Corp. President Jay Scaramucci.

The ownership interests of Everett R. Dobson, managing partner of Dobson Partnerships; and Robert E. Howard II, chairman of Howard Investments, did not change.

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
+ show more


Trending Now


AROUND THE WEB

  1. 1
    What color is this dress: Gold and white or blue and black?
  2. 2
    Lawsuit claims jailer raped two former Ottawa County Jail detainees
  3. 3
    While Inhofe throws snowball, little town in Oklahoma plays big role in climate debate
  4. 4
    The planned hotels for downtown Tulsa are still coming -- mostly
  5. 5
    Confessions of a cruise ship crew member
+ show more