- Associated Press - Saturday, May 28, 2016

OKLAHOMA CITY (AP) - The roughly 20 percent ownership stake in the Oklahoma City Thunder held by the late Aubrey McClendon has become a concern of his estate’s creditors.

The Oklahoman reports (https://bit.ly/1WsrUnr ) that transcripts of a probate court hearing say McClendon’s widow, Kathleen McClendon, wants to buy the stake that’s worth an estimated $190 million.

Arthur Hoge, an attorney for Wilmington Trust, said it’s a concern that ownership shares could be sold to a family member for less than it would receive on the open market. Hoge said the estate owes the trust $465 million and has only $3 million available in cash.

Estate attorney Martin Stringer said the Thunder interest is not for sale.

Aubrey McClendon died March 2 in a car crash, a day after being indicted on a bid-rigging charge.

___

Information from: The Oklahoman, https://www.newsok.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide