The Thunder announced on Friday that Tulsa businessman George B. Kaiser has joined the organization’s ownership group, the Professional Basketball Club.
Kaiser has purchased the ownership stake of Tom Ward.
“We are honored to welcome George Kaiser as a member of the ownership group of the Oklahoma City Thunder,” Clay Bennett said in a release. “George is a well-respected and important Oklahoma business leader, as well as one of the state and nation’s top philanthropists. His commitment to successful business and community leadership is in true alignment with that of the Thunder.”
Said Kaiser in a release: “I am pleased to join the Thunder ownership group. I appreciate what Tom, Clay and the other owners have done to make Oklahoma City a big-league city and look forward to joining the continuing effort to gain positive recognition for our state.”
Kaiser is president, CEO and primary of GBK Corporation, parent of Kaiser-Francis Oil Company, which he has managed for 40 years. He is chairman of the board and majority shareholder of BOK Financial Corporation and a major shareholder in several energy, oil and gas, mining and technology companies.
In addition, through a transaction approved by the NBA Board of Governors on Friday, Clayton I. Bennett, Chairman and CEO of the Oklahoma City Thunder and Chairman of Dorchester Capital; Aubrey K. McClendon, Chairman and CEO of American Energy Partners; William M. Cameron, Chairman and CEO of American Fidelity Assurance Company; and Jay Scaramucci, President of Balon Corporation, have each purchased ownership interests from G. Jeffrey Records, Jr., CEO of MidFirst Bank. Records remains a significant owner of the team and MidFirst remains a major sponsor.
The ownership interests of Everett R. Dobson, Managing Partner of Dobson Partnerships; and Robert E. Howard II, Chairman of Howard Investments, did not change.