Posted June 11, 2012 on
AP on Fox
Memphis Grizzlies majority owner Michael Heisley says he has an agreement to sell his NBA team to a group headed by California billionaire Robert J. Pera.
Heisley announced the agreement Monday afternoon after reports that he finally had found a buyer for the team he moved from Vancouver to Memphis in 2001.
The sale is subject to approval by the NBA Board of Governors and other conditions.
Heisley bought the Grizzlies in 2000, moved the team to Memphis and into the FedExForum in 2004. The Grizzlies are coming off their two best seasons in franchise history.
ESPN.com reported the sale would be for approximately $350 million. Heisley had a deal in 2006 to sell his share of the team for $252 million.
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Memphis Grizzlies owner Michael Heisley finally may have found a buyer for his NBA team.
The majority owner of the Grizzlies told The Commercial Appeal Monday that he has talked with billionaire Robert Pera but there is no contract ''at this point.'' ESPN.com reported that sources say Heisley has an agreement to sell the Grizzlies to Pera for approximately $350 million...
The Memphis Grizzlies could begin next season under new ownership, as the “Memphis Commercial Appeal” reported Monday afternoon that Team Owner Michael Heisley is currently negotiating to sell the team to the founder and owner of a communications network. According to the report, Heisley is trying to complete a deal with 34-year-old Robert Pera, owner of communications technology...
MEMPHIS, Tenn. (AP) -- Memphis Grizzlies owner Michael Heisley finally may have found a buyer for his NBA team.
The majority owner of the Grizzlies told The Commercial Appeal on Monday that he has talked with billionaire Robert Pera but there is no contract "at this point." ESPN.com reported that sources say Heisley has an agreement to sell the Grizzlies to Pera for approximately...
Doesn’t it seem like Michael Heisley’s Memphis Grizzlies have been collecting dust on the back shelf for the entirety of their existence? Well guess what, folks—the franchise has finally been sold, and to one of the world’s youngest billionaires. At age 34, Robert Pera will be just four years older than Zach Randolph, the best player on his brand new basketball team...
Owner Michael Heisley entered a purchase agreement to sell the Memphis Grizzlies to communications technology billionaire Robert Pera. Sports Business Journal first reported the pending move, with a purchase price between $340 million and $355 million. Pera is a hoops fanatic and plans to keep the team in Memphis. The Grizzlies would face significant penalties for breaking their...
Memphis Grizzlies owner Michael Heisley said he reached an agreement Monday to sell the team he has owned for the past 12 years.
Heisley said a contract was signed with billionaire Robert J. Pera. He said it was not discussed whether Pera ever might move the team, but that Grizzlies have an ironclad contract to remain in Memphis until at least 2021.
I have stepped aside from my...
Rudy Gay is entering the third-year of a five-year deal.
It seems that Ron Artest/Metta World Peace was in Vancouver and decided to show love by rocking the mic wearing a Grizzlies jersey.
To check out this photo, please click the link below.
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The best trades in any professional sport, are transactions that help all teams involved and a deal that I touched upon in an earlier article, just might be a move that could help two franchises in the Association. The deal that I proposed, would send Boston Celtics All-Star forward to the Memphis Grizzlies in exchange for their talented young forward Rudy Gay.
The trade could help...