Sonics president Walker to step down after team's sale

Updated: October 27, 2006, 2:16 AM ET
Associated Press

SEATTLE -- Wally Walker is hosting a party Friday to thank Seattle SuperSonics' employees who worked for the Basketball Club of Seattle.

It'll serve as Walker's farewell party too.

Walker, the Seattle SuperSonics' team president, announced Thursday that he will resign when the franchise's sale to the Professional Basketball Club LLC is completed on Tuesday. Walker has served as team president and CEO since 2001.

"I've enjoyed more than 19 years with the Sonics organization in ...

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