SEATTLE, Wash. — The Seattle Kraken ownership group has launched a new parent brand and is set to become majority owner of Climate Pledge Arena.
This has stirred conversation online as the NBA Board of Commissioners is planning to vote on league expansion Wednesday, including a team in Seattle.
It’s been long reported that city leaders, NBA board members and Kraken ownership are interested in bringing basketball back to the Emerald City.
The new parent brand, called “One Roof Sports and Entertainment,” will oversee the Kraken and Climate Pledge Arena, which is where the hypothetical NBA team would likely play.
In a statement today, Seattle Kraken Chair Samantha Holloway said increasing their ownership in the arena will allow them to consolidate operations while preparing them for unnamed future opportunities.