The Kraken Just Made a Power Move That Changes Everything in Seattle
The Seattle Kraken ownership group, led by Samantha Holloway, just announced they are taking majority control of Climate Pledge Arena. Yeah, you read that right. The team that plays there now owns the building. This is huge.
On Monday, Holloway's group announced the creation of One Roof Sports and Entertainment as an umbrella brand for the organization. The Kraken have entered an agreement to purchase additional equity in Climate Pledge Arena from Oak View Group, making them the majority owner of the building. OVG will keep a minority stake and continue to operate the facility.
What This Power Move Means
"We're committed to this community, and this parent brand brings together everything we've done, from a privately financed arena to the Seattle Kraken," Holloway said in a statement. "Increasing our ownership in Climate Pledge Arena allows us to consolidate operations and sets us up for future opportunities. OVG is an amazing partner, and I am pleased that they will continue to operate the facility for many years to come."
Translation: the Kraken are digging in for the long haul in Seattle. This isn't just about hockey anymore. One Roof Sports and Entertainment will oversee the Kraken, Climate Pledge Arena, the Kraken Community Iceplex, the organization's interests in the Coachella Valley Firebirds of the AHL, and Acrisure Arena in Palm Desert, California. They are building an empire.
And There's More: NBA Expansion is Coming
The timing of this announcement is not random. The NBA Board of Governors is meeting in New York later this week to vote on expanding the league. And Seattle is absolutely in the conversation. Washington Gov. Bob Ferguson met with NBA Commissioner Adam Silver on Monday to push for bringing back the Sonics, a team that left for Oklahoma City nearly 20 years ago.
"I had a productive Zoom meeting this afternoon with Commissioner Silver," Ferguson posted on social media. "It remains a top priority for me to bring back the Sonics."
Silver has also been talking with Nevada Gov. Joe Lombardo about expansion. The vote this week won't guarantee anything, but it moves the needle closer. Las Vegas and Seattle are the cities expected to be targeted if the NBA actually expands.
So what is the Kraken ownership group really saying by taking control of Climate Pledge Arena right now? They are positioning Seattle as ready for whatever comes next. Climate Pledge Arena hosted the Kraken when they launched in 2021. Now the team owns it. And if the NBA comes back to Seattle, you already know where those games would be played.
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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.