Aubrey McClendon's Thunder stake at issue in probate court
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 (http://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, http://www.newsok.com