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MICHAEL HEISLEY RUMORS

Former Grizzlies owner Michael Heisley dies at 77

MEMPHIS, Tenn. -- Michael Heisley, the billionaire businessman who bought the Vancouver Grizzlies and moved the NBA team to Memphis, died Saturday. He was 77. The Grizzlies said Saturday night that a family member confirmed Heisley's death. The Commercial Appeal reported that Heisley died in Illinois of complications from a massive stroke he suffered nearly 15 months ago. Heisley...
Via Fox Sports Tennessee
April 27, 2014  |  Discuss

Former Grizzlies' Owner Michael Heisley Passes Away At 77

Michael Heisley, former owner of the Memphis Grizzlies, passed away on Saturday at the age of 77. Heisley died due to complications from a massive stroke he suffered nearly 15 months ago. “He was a unique guy to say the least,” said Stan Meadows, who was Heisley’s closest confidant and also served as lead counsel for the Grizzlies. “We all benefited greatly from knowing him...
Via RealGM
April 26, 2014  |  Discuss

Heisley Hospitalized After Suffering Stroke

Michael Heisley recently sold his controlling stake in the Grizzlies.
Via RealGM
February 23, 2013  |  Discuss

Grizzlies Owner Michael Heisley In Discussions With Potential Buyer For Team

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...
Via PRO HOOPS CENTRAL
June 11, 2012  |  Discuss

Grizzlies owner has plan to sell team

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...
Via AP on Fox
June 11, 2012  |  Discuss

The Memphis Grizzlies Have Been Sold To One Of The World’s Youngest Billionaires

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. ...
Via NBA 24/7 365
June 11, 2012  |  Discuss

Heisley enters agreement to sell Grizzlies

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...
Via Pro Sports Daily
June 11, 2012  |  Discuss

Report: Heisley may have found buyer for Grizzlies

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...
Via AP on Fox
June 11, 2012  |  Discuss

Heisley may have buyer for Grizzlies

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...
Via Fox Sports Tennessee
June 11, 2012  |  Discuss

Memphis Grizzlies owner a bidder for Dodgers

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...
Via Fox Sports West
February 08, 2012  |  Discuss
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