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June 2016 Archives

Oklahoma City Thunder stake in dispute in probate court

New York basketball fans may be interested in learning about the legal battle that's brewing in Oklahoma City over the ownership of that city's NBA team. A 20 percent share in the Oklahoma City Thunder basketball team is in dispute. The interest was held by an oil and gas mogul who died in a car crash on March 2. His creditors want the stake in the basketball team to be sold to the highest bidder to pay for debts, but there is concern among creditors that it will instead be sold to his wife for a lower price.