Wednesday , Apr , 23 , 2008 C.Y. Ellis

Howard Schultz Files Lawsuit against New Sonics Owners

Howard Schultz filed a lawsuit today in federal court to rescind his July 2006 sale of the Sonics to the Oklahoma City-based group led by Clay Bennett, saying that Bennett lied to him and that e-mails prove it.

Schultz’s lawsuit discloses a new e-mail, written two days before the sale, in which Bennett tells his prospective ownership group that he could simply sell the team in a "sweet flip" if an arena deal was reached here and they were forced to stay in Seattle. [Seattle Times]