The NBA Board of Governors has approved the sale of the Grizzlies. Now the new ownership group just has to complete the deal.
Justin Timberlake Buying Into Grizzlies
- Thread starter nightmare3983
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From hoopshype:
$377,000,000 -- Final sales price, per sources, of the Memphis Grizzlies from former owner Michael Heisley to a group led by wireless technology entrepreneur Robert Pera. There had been questions about Pera's financial stake after his Ubiquiti Networks wireless equipment supply company reportedly lost tens of millions of dollars in value in recent months, but Pera bolstered his group -- which includes minority ownership stakes by Denver Broncos quarterback Peyton Manning, ex-NBA All-Star Penny Hardaway and former Congressman Harold Ford, Jr. -- with two substantial minority partners who each put up more than $25 million in cash, according to a source
It sounds like the deal is official.
I hope Heisley worked lifetime prime season tickets for himself into the deal.
$377,000,000 -- Final sales price, per sources, of the Memphis Grizzlies from former owner Michael Heisley to a group led by wireless technology entrepreneur Robert Pera. There had been questions about Pera's financial stake after his Ubiquiti Networks wireless equipment supply company reportedly lost tens of millions of dollars in value in recent months, but Pera bolstered his group -- which includes minority ownership stakes by Denver Broncos quarterback Peyton Manning, ex-NBA All-Star Penny Hardaway and former Congressman Harold Ford, Jr. -- with two substantial minority partners who each put up more than $25 million in cash, according to a source
It sounds like the deal is official.
I hope Heisley worked lifetime prime season tickets for himself into the deal.