Michael Heisley recently sold his controlling stake in the Grizzlies.
February 23, 2013
Michael Heisley remains confident that the his $350 million sale of the Grizzlies to Robert Pera will go through.
September 27, 2012
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 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
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 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
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...
Memphis Grizzlies owner Michael Heisley and Los Angeles investor Tony Ressler have joined forces and re-entered the bidding for the Dodgers, a person familiar with the sale process said Monday. Ressler, a minority investor in the Milwaukee Brewers, is believed to be the only remaining bidder currently involved in MLB.
The Heisley-Ressler bid would be the eighth submitted to Major...
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...