Marc Stein @ESPNSteinLine Going up online as we speak: Sources tell ESPN that Michael Heisley has found buyer for Grizzlies: Communications tech magnate Robert Pera Heisley denied shopping Gay. Now we know why: He's shopping the entire team.
Sometimes I wish Morey would sell high on some Rockets players, but Heisley sold high on the whole damn franchise.
He'd been trying to sell them for years. Impressive that he finally did so after ballooning the payroll (considered to be debt in franchise purchases)
Very clever. Rudy Gay is the only player that's even remotely close to possessing "Star power," on the grizzlies you better believe he's staying put until at the very least this transaction is complete.
Wish a young billionaire who loves to ball would buy the team from Le$. He’d probably have a bigger vision for the Rockets than a team featuring Pau and Nene.
Shinn's gone, Heisley's gone, James Dolan & Donald Sterling have relatively successful teams. All we need is for the Maloofs and the Ottawa Teachers to sell their teams and we'll be rid of bad ownership!
How come the Grizzlies didn't have problems finding a new owner even though they have sky high payroll with bad bad contracts and attendance issues just like The Hornets
They won't hav attendance issues once they move out of their currenr poor, crime ridden city to San Jose, CA.
Yeah, what Carl H. said. The NBA wouldn't sell the hornets to anyone who didn't agree to keep the team in new orleans. But heinsley had no issue with keeping the team there as far as I'm aware. Don't be surpsied to see them move to San Diego and the Kings to Anaheim. We'll have the whole Pacific division be in California, and Phoenix will move to the Southwest.
http://espn.go.com/nba/story/_/id/8...robert-pera-agrees-purchase-memphis-grizzlies Apparently the plan is to keep the team in Memphis, at least until 2021 when the arena lease expires or something. We'll see.
Sports teams never lose values. The dodgers were in BK and they sold for 5x what their owner bought them for.
2021? By that time San Jose and Anaheim will have their own expansions. The Grizzlies and Kings will have to wait until Adam Silver begans the expansion into Europe.
