Originally written on PRO HOOPS CENTRAL  |  Last updated 11/16/14
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 company Ubiquity Networks, for a reported price of $350 million. Pera’s net-worth is said to be close to one billion dollars. Heisley, confirmed that he is in discussions with Pera to the paper, however he emphasized that nothing is on paper as of this point. The Grizzlies Owner said “We have had conversations with Pera but we don’t have a contract at this point. We’ve been down this road before so I’m not going to talk about a deal that isn’t done.” According to the paper’s sources, Pera has until Tuesday morning to put a financial deposit down, or the deal would fall apart. Heisley had a similar experien...
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Mayweather visited Pacquiao’s hotel room for private meeting

Seahawks GM: Russell Wilson's contract 'presents challenges'

JR Smith: Lack of partying in Cleveland is better than NY

Tom Brady admits he has a cold

Paul Pierce: Computers to blame for lack of NBA trash talk

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Darrelle Revis: I don’t feel sorry for Jets fans

A recent history of Super Bowl injury hullabaloo

DeflateGate football could fetch $50K at auction

Father and son allegedly attack coach over playing time

The AFC North will regress in 2015

Doug Baldwin bringing 'sunblock' to Revis Island

5 X-factors for Super Bowl XLIX

Best prop bets about the Super Bowl broadcast

Ten worst teams to ever play in a Super Bowl

Marshawn's new stiff arm to media: You know why I'm here

Six MLB teams going all-in on 2015

Keys to victory for the Patriots in Super Bowl XLIX

Keys to victory for the Seahawks in Super Bowl XLIX

Grandpa: Marshawn would retire rather than deal with media

Ten best teams that didn't make the Super Bowl

Ranking the NBA’s Coach of the Year candidates

WATCH: Zach Parise picks up his tooth off the ice

Crosby's name misspelled as 'Sindey' on Penguins program

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

5 X-factors for Super Bowl XLIX

Ten worst teams to ever play in a SB

Six MLB teams going all-in on 2015

Patriots' keys to Super Bowl victory

Seahawks' keys to Super Bowl victory

DeflateGate ball could fetch $50K

Doug Baldwin ready for Revis Island

Top storylines for Super Bowl XLIX

Barnes unhappy with NBA over fine

Does MLB need more offense in the modern game?

Re-ranking the Top 25: exposing the biggest flaws

Putting the Cavs’ pieces together

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.