Deal for Memphis Grizzlies reached
After two consecutive trips to the playoffs and a return to respectability in the Western Conference, Michael Heisley has at last found a buyer to purchase the Memphis Grizzlies.
The Grizzlies, confirming an earlier ESPN.com report, announced Monday that Heisley has entered into a sale agreement with Robert J. Pera, founder and CEO of the Ubiquiti Networks and who, at 34, earned a spot on Forbes' list of the 10 youngest billionaires in the world.
The purchase price is in the ...
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