The Kraken Just Made a Massive Power Move and NBA Fans Should Be Freaking Out
Okay, so the Seattle Kraken ownership just did something huge. They launched a parent company called One Roof Sports and Entertainment, and they're not being shy about what this really means: they're positioning themselves to own an NBA expansion Seattle Sonics team. Yes, you read that right. The Emerald City might actually be getting basketball back.
One Roof Is Here to Stay, and It's Got Big Dreams
The new brand, led by Kraken chair Samantha Holloway, came with a major announcement on Monday morning: One Roof Sports and Entertainment is becoming the majority owner of Climate Pledge Arena. That's the building where the Kraken play, and here's the thing, that's also where the Sonics would play if and when they come back to Seattle. Oak View Group, which built the arena, will keep a significant minority stake and continue running day-to-day operations under a long-term agreement. But make no mistake, the Kraken ownership group is now firmly in control.
According to the press release, One Roof will be the umbrella for the Kraken, Climate Pledge Arena, the One Roof Foundation, the Kraken Community Iceplex, a partnership with the City of Seattle and Seattle Public Schools on a new Memorial Stadium at Seattle Center, and the organization's interests in the AHL's Coachella Valley Firebirds and Acrisure Arena in Palm Desert, California. They're building an empire.
The NBA Is Finally Listening
Here's where it gets real. The NBA Board of Governors is expected to vote this week on exploring an expansion to 32 teams by adding franchises in Seattle and Las Vegas. The target date for the new teams to start play is the 2028-29 regular season. For the first time since the SuperSonics left for Oklahoma City in 2008, the Sonics could actually be coming home.
This was always part of the plan. Back in 2018, late Kraken co-founder and co-majority owner David Bonderman, Samantha Holloway's father, told Seattle Sports that if an NBA franchise became available, they were going to pursue it. Bonderman even had experience as a minority owner of the Boston Celtics. Then in 2024, Holloway told Bloomberg that Seattle would be "an amazing market" for the NBA, and that the league "knows that."
The pieces are falling into place. One Roof Sports and Entertainment is ready. Climate Pledge Arena is locked down. And the NBA is closer than ever to bringing professional basketball back to Seattle.
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This article was created with AI assistance and reviewed by Seattle On Tap editorial staff. Always verify information with official team sources.