Heisley announces agreement to sell Grizzlies
Thu Jun 14, 2012 11:47 am
NovU's pick for the worst owner in the league will soon be a former owner, pending approval from the NBA Board of Governors.
Majority owner Michael Heisley has been trying to sell his Memphis Grizzlies for years to just the right person, and the Illinois billionaire finally found his buyer.
Robert J. Pera, a 34-year-old billionaire from California.
Heisley said Monday he has an agreement to sell his NBA team to a group headed by Pera. Heisley made the announcement less than a couple hours after published reports of a deal selling the team he moved from Vancouver to Memphis in 2001.