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.



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