MICHAEL HEISLEY NEWS

Wolves closer to hiring Dave Joerger

The Minnesota Timberwolves have made "significant progress" in their attempt to hire Dave Joerger away from the Memphis Grizzlies to be their new coach, according to sources close to the process. Sources told ESPN.com that although compensation details with the Grizzlies have to be worked out, Minnesota's fast-moving bid to make Joerger its next coach is gathering...
Via Pro Sports Daily
May 22, 2014  |  Discuss

Grizzlies shake up front office

Memphis Grizzlies owner Robert Pera has abruptly ousted team CEO Jason Levien and assistant general manager Stu Lash. The team announced the stunning moves Monday afternoon, saying that "the decision was made for Jason Levien and Stu Lash to depart the organization" after discussions with management. ESPN.com first reported the departures earlier Monday, with sources...
Via Pro Sports Daily
May 19, 2014  |  Discuss

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

Tied Up: OKC Beats Memphis in ANOTHER OT Game, 92-89

Marc Gasol came out of the gate strong, leading all Memphis scorers with 23 points, and snagged 11 rebounds. This Grizzlies-Thunder series has provided no shortage of drama, and tonight, the drama started about an hour before tipoff. NBA Commissioner Adam Silver, who had already planned to address media in Memphis, had to make statements on the controversy surrounding racially insensitive...
Via Grit, Grind, GRIZZ!
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

Grizzlies' new bosses look for outside shooting

The Memphis Grizzlies had a dubious draft history under owner of Michael Heisley. New owner Robert Pera and his front office now get their first opportunity to show what they can do with little room to make a splash. Their best draft may have been just before the franchise relocated from Vancouver to Memphis when they picked Shane Battier at No. 6 overall and traded for Pau Gasol...
Via AP on Fox
June 26, 2013  |  Discuss

Heisley Hospitalized After Suffering Stroke

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

New owner brings youthful buzz to the Grizzlies

MEMPHIS, Tenn. (AP) -- Mike Conley says the Grizzlies' new owner doesn't look much older than he is. The Memphis guard is right. Robert J. Pera, the Grizzlies' new chairman and majority owner, is only nine years older than his point guard. The 34-year-old California businessman is a fresh face from a much different generation than the Grizzlies' previous owner -...
Via Fox Sports Tennessee
November 06, 2012  |  Discuss

New owner brings youthful buzz to the Grizzlies

Mike Conley says the Grizzlies' new owner doesn't look much older than he is. The Memphis guard is right. Robert J. Pera, the Grizzlies' new chairman and majority owner, is only nine years older than his point guard. The 34-year-old California businessman is a fresh face from a much different generation than the Grizzlies' previous owner - 75-year-old billionaire...
Via AP on Fox
November 06, 2012  |  Discuss

New chairman: Grizzlies belong to Memphis

MEMPHIS, Tenn. -- The new chairman of the Grizzlies said he "fully understands" that the people of Memphis really own the NBA team, even though he's the controlling owner. Robert J. Pera is not only saying the right things, he has put it in writing. Pera, who introduced himself to Grizzlies fans Monday morning at FedExForum, agreed to provisions to keep the team...
Via Fox Sports Tennessee
November 05, 2012  |  Discuss

New chairman says Memphis really owns Grizzlies

The new chairman of the Grizzlies said he ''fully understands'' that the people of Memphis really own the NBA team, even though he's the controlling owner. Robert J. Pera introduced himself Monday morning along with the new chief executive officer of Memphis Basketball, LLC, the group that bought the Grizzlies from Michael Heisley for $377 million in a sale finalized...
Via AP on Fox
November 05, 2012  |  Discuss

New chairman says Grizzlies in Memphis to stay

MEMPHIS, Tenn. (AP) -- The chairman of the new Grizzlies' ownership group says the NBA team is here to stay in Memphis. The Grizzlies announced Wednesday that the reportedly 377 million sale by Michael Heisley had been finalized to a group led by Robert J. Pera, a former Apple engineer who founded the communications technology company Ubiquiti Networks. The group includes local...
Via Fox Sports Tennessee
October 31, 2012  |  Discuss

NBA board approves Grizzlies sale to Pera's group

MEMPHIS, Tenn. -- The NBA board of governors has approved Michael Heisley's sale of the Memphis Grizzlies to a group headed up by a California technology entrepreneur. The NBA announced the sale's approval Thursday. The sale still must be finalized, and the Grizzlies said in a statement that is expected soon. But the Grizzlies say both Heisley and Robert J. Pera will not...
Via Fox Sports Tennessee
October 26, 2012  |  Discuss

NBA board approves Grizzlies sale to Pera's group

The NBA board of governors has approved Michael Heisley's sale of the Memphis Grizzlies to a group headed up by a California technology entrepreneur. The NBA announced the sale's approval Thursday. The sale still must be finalized, and the Grizzlies said in a statement that is expected soon. But the Grizzlies say both Heisley and Robert J. Pera will not comment until the...
Via AP on Fox
October 25, 2012  |  Discuss

NBA approves sale of Grizzlies

The sale of the Memphis Grizzlies to a group headed by 34-year-old billionaire Robert Pera was unanimously approved Thursday by the NBA Board of Governors meeting in New York. "Robert will no doubt bring great energy and passion to the franchise," NBA commissioner David Stern said. "He has assembled an ownership group with very strong local ties, and we anticipate...
Via Pro Sports Daily
October 25, 2012  |  Discuss

Grizzlies' Ownership Transfer To Pera Approved

Robert Pera purchased the Grizzlies from Michael Heisley.
Via RealGM
October 25, 2012  |  Discuss

Memphis VP of operations found dead

Dana Davis, vice president of basketball operations for the Memphis Grizzlies, has been found dead in his apartment. He was 56. The Grizzlies confirmed Davis' death in a statement Wednesday night without elaborating. The Commercial Appeal reported Davis had not been heard from since Tuesday, prompting team personnel to enter his apartment Wednesday with officers from the Memphis...
Via AP on Fox
October 03, 2012  |  Discuss

Grizzlies VP of operations Dana Davis found dead

Dana Davis, vice president of basketball operations for the Memphis Grizzlies, has been found dead in his apartment. He was 56. The Grizzlies confirmed Davis' death in a statement Wednesday night without elaborating. The Commercial Appeal reported Davis had not been heard from since Tuesday, prompting team personnel to enter his apartment Wednesday with officers from the Memphis...
Via AP on Fox
October 03, 2012  |  Discuss

Heisley Remains Confident Sale Of Grizzlies To Pera Will Be Completed

Michael Heisley remains confident that the his $350 million sale of the Grizzlies to Robert Pera will go through.
Via RealGM
September 27, 2012  |  Discuss

Justin Timberlake might be a Memphis Grizzlies co-owner

First, he brought sexy back and told us that a billion dollars would be pretty cool, then he bought into Myspace  and now but it looks like he is investing into an NBA Team! (Influenced by Jay-Z?) Timberlake has been rumored to be part of Robert Pera’s ownership group that is looking to buy the Memphis Grizzlies from current owner Michael Heisley. These rumors first came into...
Via Philly Sports Live
September 07, 2012  |  Discuss

Report: Future Grizzlies owner focused on staying in Memphis

Soon-to-be Grizzlies owner Robert Pera will reportedly sell up to 35 percent of the team to a group of local partners, which should help anchor the team in Memphis for years to come. According to the Memphis Commerical-Appeal, Pera agreed to give the local ownership partners refusal rights and the option to buy the team at the current price if Pera decides to move it. He also agreed...
Via Pro Sports Daily
August 23, 2012  |  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 agrees to sell team

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...
Via Fox Sports Florida
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
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