Wikipedia - Seoul SK Knights
The Seoul SK Knights (Korean: 서울 SK 나이츠) is a professional basketball club in the Korean Basketball League. The club was originally founded by Jinro Group in 1997 as Cheongju Jinro McCass. Before the official launch of the basketball club, Jinro Group filed for bankruptcy due to the 1997 Asian financial crisis, and eventually sold the club to SK Telecom.