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Volume 26 No. 50
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Late Thunder Investor McClendon's 22% Stake In Team Up For Sale

A 22% stake in the Thunder, owned by late team investor and Chesapeake Energy Founder & CEO Aubrey McClendon, is "up for sale," according to sources cited by Scott Soshnick of BLOOMBERG NEWS. The sources said that the sale "will be run" by Inner Circle Sports. The stake "has been held" by Chesapeake since McClendon's death in a '16 car crash. Sources said that it is "difficult to pinpoint a value for McClendon's stake, which comes with voting rights but few other perks." There is "no representation on the board or decision-making authority" (BLOOMBERG NEWS, 7/11).