Memphis Grizzlies owner Michael Heisley confirmed Monday that he has an agreement in principle, pending league approval, to sell the team to 34-year-old communications entrepreneur Robert Pera. ESPN.com first reported the tentative deal, believed to be in the $350 to $375 million range, and an industry source said Monday that the belief is that the sale will ultimately go through.
Source: http://www.nba.com/2012/news/06/11/grizzlies-sale/index.html?rss=true
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