Memphis Grizzlies Sale: Young New Owner Will Infuse Energy into Stale Team

June 12th, 2012 by Eric Ball Leave a reply »
The Memphis Grizzlies are about to be a bit more fun.

Get used to the name Robert J. Pera, a 34-year-old billionaire from California who’s attempting to purchase the franchise.

Current majority owner Michael Heisley has announced his intentions to sell the team to a group that is led by Pera. ESPN’s Marc Stein reports the deal will be for $350 million.

Heisley subtly hints that the future will be very bright because of Pera’s age and the size of his wallet (via Fox Sports):

I think he'll be a good owner. He's young. He's in his 30s. I think he loves basketball. And I think he's financially very well off. I think he'll be an excellent owner, but that's a job for the NBA to decide.

Pera is going to bring a fresh perspective to the team. The 75-year-old Heisley has had heart surgery recently and said in the Fox Sports interview that he doesn’t want to make tough decisions from a hospital bed.

I’m not here to criticize Heisley, but it was time for a change. He wasn’t involved in the day-to-day operations as much as in years past, and he sounds like a guy who is ready to begin the ...

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