On the day that Oklahoma City Thunder traded away superstar Russell Westbrook, it emerged that a 22-per-cent stake in the NBA team owned by the estate of late energy magnate Aubrey McClendon has been put up for sale.
According to Bloomberg, the sale will be run by the boutique investment bank Inner Circle Sports.
The Thunder are valued at approximately $1.5bn (€1.3bn), according to Forbes, making McClendon’s stake worth around $330m. However, that the investment offers no representation on the board or any decision-making authority could lead to a limited-partner discount.
McClendon, the former chief executive of Chesapeake Energy, died in a car crash in March 2016 aged 56.