Breaking News Bar
updated: 11/5/2012 12:09 PM

New Grizzlies chairman says Memphis owns team

hello
Success - Article sent! close
  • Former Memphis Grizzlies owner Michael Heisley, a St. Charles businessman, completed the sale of his NBA team last week for $377 million.

      Former Memphis Grizzlies owner Michael Heisley, a St. Charles businessman, completed the sale of his NBA team last week for $377 million.
    Associated Press/file

 
By Teresa M. Walker
AP Sports Writer

MEMPHIS, Tenn. -- The new chairman of the Grizzlies says he "fully understands" that Memphis really owns the NBA team, even though he's the controlling owner.

Robert J. Pera introduced himself Monday morning along with the new chief executive officer of Memphis Basketball, LLC, the group that bought the Grizzlies from Michael Heisley, a businessman from St. Charles, Ill., for $377 million in a sale finalized last week.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Pera says they plan to put together a competitive team while also building a great brand and product. He says the Grizzlies organization will be very involved with the city.

He made his first big move Sunday, naming Jason Levien as the CEO and managing partner of Memphis Basketball, LLC. That puts Levien in charge of the ownership group operating both the Grizzlies and FedExForum.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.