Originally posted on Fox Sports West  |  Last updated 2/8/12
Michael Heisley, the billionaire owner of the NBA's Memphis Grizzlies, has emerged as one of the remaining bidders for the Dodgers. Heisley, 75, leads one of 11 bids that survived the initial cut in the Dodgers' ownership derby. His bid, which had not previously surfaced publicly, was confirmed Wednesday by three people familiar with the sale process but not authorized to discuss it. The remaining bidders can merge and late entrants can emerge, but for now the field appears set, according to one of those people. Heisley was not available for comment Wednesday. The Dodgers do not comment on specific bidders. Heisley bought the then-Vancouver Grizzlies in 2000, promising to do "everything in my power to make this franchise a success in Vancouver." He moved the team to Memphis one year later, after a whirlwind relocation search in which Anaheim was a finalist. Since then, Heisley has explored bids for the Chicago Cubs and Minnesota Vikings, according to one of the people familiar with the Dodgers' sale process. Forbes estimated Heisley's net worth at 1.5 billion last September. His Chicago company controls about three dozen businesses largely focused on construction and manufacturing that generate more than 2 billion in combined annual revenue, according to the company website. He built his self-made fortune by buying and improving troubled companies. The Grizzlies won the first playoff series in franchise history last season, then lost in the NBA Western Conference semifinals to the Oklahoma City Thunder. In 10 full seasons in Memphis, the Grizzlies have had six coaches and made four playoff appearances. Heisley hired Lakers legend Jerry West as the Grizzlies' president in 2002. The Grizzlies made three consecutive playoff appearances starting in 2004; West departed in 2007. "Mike and I certainly had our share of 'spirited discussions' about what needed to happen for the team to go much further than just getting into the playoffs," West wrote in his autobiography last year, "but at no time did I ever feel he wasn't behind me." Heisley has long said he would be willing to sell the Grizzlies to owners based in Memphis. "I'm 75 years old and I live in Chicago," he told the Memphis Commercial Appeal in December. "A local owner and it could be somebody willing to move there would be a better owner than Mike Heisley. I have never changed that position. But we don't have anybody interested in seriously buying the Grizzlies." --Bill Shaikin
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Report: Jamaal Charles’ workload won’t be limited if healthy

Report: Westbrook doesn’t want trade, will think about extension

Chargers don’t know if Joey Bosa will report to camp

Report: RG3 to be given four out of five first-team reps

Chris Sale says White Sox put business over winning

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Peterson likely entering last season with Vikings

Cubs trade for Chapman a risk, but potential payoff too hard to ignore

White Sox fan wears a fantastic taped-up Chris Sale jersey

Wisconsin kicker will wear 27 to honor Nebraska's Sam Foltz

Dennis Schroder wears disguise to play in German streetball tournament

Browns indicate they will give Josh Gordon another chance

Chris Sale’s so-called ‘apology’ was anything but

Ten hottest golfers heading into 2016 PGA Championship

Five NFL sophomores poised to break out in 2016

Tre Mason's family concerned about RB's mental health?

Dion Waiters' deal signals the end of the 2016 money grab

Tom Jackson could leave ESPN after almost three decades

Cavs sign coach Tyronn Lue to a five-year extension

More than 10,000 people registered for Jaguars Pokemon Go night

NFL issues new concussion protocol

Angels listening to offers on Hector Santiago

Five U.S. Olympians favored to win multiple gold medals

Kevin Durant’s OKC restaurant will be closed, rebranded

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

Five U.S. Olympians favored to win multiple gold medals

WATCH: What teams should join the Big 12?

One Gotta Go: Do NBA players really love NBA2K?

Effect of ban on Russia could span beyond the Olympic Games

One Gotta Go: NBA players hate Facebook too

QUIZ: Name every city to host the NBA All-Star Game

One Gotta Go: NBA players settle the fast food beef

One Gotta Go: NBA players make tough choices on their favorite rappers

One Gotta Go: NBA Summer League is not about that Game of Thrones life

The top NHL free agents available as offseason winds down

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker