1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

[Memphis Grizzlies] Michael Heisley: business genius

Discussion in 'NBA Dish' started by sbyang, Aug 7, 2009.

Tags:
  1. sbyang

    sbyang Member

    Joined:
    Oct 28, 2002
    Messages:
    1,937
    Likes Received:
    43
    http://www.commercialappeal.com/news/2009/aug/07/state-of-the-grizzlies-balancing-act/

    So one of the worst teams in the league record wise, the laughing stock of the league in front office operations, is also one of the most profitable teams in the league. Michael Heisley is just so proud of himself and how clever he is, cutting unnecessary expenses like scouts and happy to make any trade that improves his bottom line. He's even passing out his special business advice to other owners. Guess what Heisley, Donald Sterling figured this stuff out 20 years ago, but he's smart enough to keep his mouth shut.

    Why does this guy even own an NBA team, if you're going to operate like this why don't you just take your money and put it in traditional investments like normal rich people. I guarantee he'd more make money that way than operating an NBA team.
     
    #1 sbyang, Aug 7, 2009
  2. RedRedemption

    RedRedemption Member

    Joined:
    Jul 21, 2009
    Messages:
    32,542
    Likes Received:
    7,752
    For a second, I thought the title said Michael Beasley.
     
    #2 RedRedemption, Aug 7, 2009
  3. Melechesh

    Melechesh Member

    Joined:
    Feb 20, 2009
    Messages:
    1,446
    Likes Received:
    16
    And there is Mark Cuban quite the opposite. :cool:
     
    #3 Melechesh, Aug 7, 2009
  4. Mathloom

    Mathloom Shameless Optimist

    Joined:
    Oct 4, 2008
    Messages:
    21,112
    Likes Received:
    22,573
    I'm sure the NBA rewards based on ranking right?

    If not it should. There must be a way to penalize you for performing poorly all the time (with waivers given to those who lose due to unforseen circumstances).
     
    #4 Mathloom, Aug 7, 2009
  5. SuperS32

    SuperS32 Member

    Joined:
    Jul 4, 2000
    Messages:
    928
    Likes Received:
    26
    Considering this, I'm surprised they didn't choose Ricky Rubio, who would have been a sure-fire money-maker. I suppose they figured Thabeet would have been a would improve the team's win-loss record without breaking the bank, but Rubio would have improved them too
     
    #5 SuperS32, Aug 7, 2009
  6. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    45,954
    Likes Received:
    28,048
    Heisley feels an need to justify why Memphis waiters spit in his food.
     
    #6 Invisible Fan, Aug 7, 2009
  7. KellyDwyer

    KellyDwyer Member

    Joined:
    Aug 30, 2001
    Messages:
    3,660
    Likes Received:
    86
    A business genius?

    OK, he bought the Grizzlies while heavily in debt. I've been saying that on this board since 2001. He then way overspent in a smallish town on payroll, to say nothing of paying big bucks to West/Daly/Versace. He spent a ton of money on his last good team (2005-06), but lost a ton on it.

    Since then, he's worked toward the minimum payroll. While barely breaking even. And certainly not making enough to cover the 2001-06 run.

    Unconvinced, to say the least.
     
    #7 KellyDwyer, Aug 7, 2009
  8. sbyang

    sbyang Member

    Joined:
    Oct 28, 2002
    Messages:
    1,937
    Likes Received:
    43
    The thread title was meant to be sarcastic.
     
    #8 sbyang, Aug 7, 2009
  9. bnb

    bnb Member

    Joined:
    Jul 7, 2002
    Messages:
    6,992
    Likes Received:
    316
    business wise he's probably doing OK.

    He bought the team for $160m. Sold 30% for a bundle. Almost sold the balance for $250m in 2006. And I expect there's a big FOR SALE sign on the team for anyone willing to consider it with cash in their pockets. I'm sure the $350m selling price of the Sonics and their quick relocation warmed his heart.

    He briefly lost his senses in 05/06, but quickly realized he prefers the Sterling style of basketball.
     
    #9 bnb, Aug 7, 2009
  10. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

    Joined:
    Jun 26, 2008
    Messages:
    47,508
    Likes Received:
    19,644

    aww berry nice, yes.
     
    #10 REEKO_HTOWN, Aug 7, 2009
(You must log in or sign up to post here.)

Share This Page