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Grizzlies sale may fall through, potential owner has some issues

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Grizzlies fans were rightfully hopeful when news got out that long-time team owner Michael Heisley planned to sell the team to a young billionaire out of the Silicon Valley, Robert Pera. Not that they really knew anything about Pera — he is 34 and filthy rich selling high tech electronic equipment to the developing world, mostly — but he had to be better than Heisley. Right?

We may never find out. The sale of the Grizzlies to Pera seems to have some challenges. To put it kindly.

As the NBA goes through its background checks on Pera, his company, Ubiquiti Networks Inc., is seeing a lot of controversies. And that could stall or kill the sale, suggests the San Jose Business Journal (via Ball Don’t Lie and Eye on Basketball).

The NBA is going through an extensive vetting process that will look into everything from Pera’s business associates, to his family, to his financial situation. That will include Ubiquiti’s recent controversies, such as an acknowledgement that the company’s products were illegally sold into Iran….

NBA officials will “look into (the Iran issue), they’ll question it,” said SportsCorp. President Marc Ganis, who advises on team deals. “They don’t want a front-page New York Times story six months from now about how an ‘NBA owner sold products to terrorist organizations,’ by way of example. They’re going to want to understand what (the Iran case is) before they sign off on it.”

Pera has a 63 percent stake in Ubiquiti, according to regulatory filings. That stock was worth $2 billion as of May but has dropped to $800 million.

I would love to be worth only $800 million.

But for buying an NBA team, that is on the low end. Especially when the sale price is a reported $350 million.

Pera has said he is looking for some local investors to be part of the franchise, so he wouldn’t have to come up with all the cash himself. And he still has the money to buy the team. But all this stuff is enough to get the rather conservative (financially) NBA to pause.

DeMarcus Cousins pushes handsy Joakim Noah (video)

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Joakim Noah kept his hands on DeMarcus Cousins after getting called for a foul, and that – and/or the Kings heading toward their third straight loss – agitated Cousins into pushing the Knicks center.

Remember, Cousins and Noah have a history.

Aaron Gordon throws inbound pass off Marcus Morris’ back, scores (video)

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Aaron Gordon has backslid this season while playing out of his comfort zone at small forward, but there are still signs he’s progressing from great dunker toward great player – like this crafty inbounds pass off Marcus Morris‘ back.

Brandon Jennings sinks halfcourt shot after whistle (video)

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The NBA refuses to grant continuation when a player senses an intentional foul in the backcourt and launches a heave.

Fortunately, players continue to shoot anyway – which produced this fun Brandon Jennings non-basket.

Report: Kings forward Matt Barnes wanted for questioning after alleged New York nightclub fight

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Matt Barnes infamously fought then-Knicks coach Derek Fisher for dating Barnes’ estranged wife, Gloria Govan. Barnes even bragged that violence is sometimes the answer.

His self-earned reputation won’t earn him the benefit of the doubt over an incident earlier today.

TMZ:

Sacramento Kings star Matt Barnes is wanted by NYPD for questioning after he allegedly choked a woman inside a nightclub early Monday morning — and TMZ Sports got video of him right after the incident.

Law enforcement sources tell us cops got a 911 call to Avenue Nightclub after midnight, reporting a man assaulting 2 women and another man. We’re told things got physical when Barnes allegedly choked one woman during an argument — and when 2 other people tried to intervene … he punched both of them.

In the video, Matt and a teammate — it appears to be DeMarcus Cousins — are talking about the fight. The teammate is clearly heard saying, “Matt hit the s*** out this ni***!”

Barnes was also arrested for domestic violence against Govan in 2011. But she said the incident was blown out of proportion, and the charges were dropped.

The Kings have already played at the Knicks and Nets, so Sacramento doesn’t return to New York this season.