Heisley may have found buyer for Grizzlies

by AP posted Jun 11 2012 4:31PM
MEMPHIS, Tenn. (AP) - Memphis Grizzlies owner Michael Heisley finally may have found a buyer for his NBA team.
The majority owner of the Grizzlies told The Commercial Appeal Monday that he has talked with billionaire Robert Pera but there is no contract "at this point." reported that sources say Heisley has an agreement to sell the Grizzlies to Pera for approximately $350 million with a formal announcement expected sometime this week. also reported Pera plans to keep the Grizzlies in Memphis.
Heisley did not immediately return a message from The Associated Press,
He has been trying to sell the team for years and had a deal in 2006 with a group headed by Christian Laettner that fell through.
The Grizzlies went 41-25 this season reaching the playoffs a second straight year.
Filed Under :
Topics : Sports
Location : MemphisTennessee
06/11/2012 4:31PM
Heisley may have found buyer for Grizzlies
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