Tuesday, June 12, 2012

Heisley agree to sell Grizzlies to tech entrepreneur Pera

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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