Robert Pera

Sale of Grizzlies to Robert Pera finalized for $377 million

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Michael Heisley bought the team in 2000 for $160 million. In January of this year, Forbes estimated the Memphis Grizzlies to be worth $269 million. Monday the sale of the Grizzlies from Heisley to Robert Pera became official — at a price of $377 million, according to the Commercial Appeal. For those of you scoring [more]

League approves sale of Grizzlies to billionaire Robert Pera

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Robert Pera, you got yourself an NBA team. At age 34. Thanks for making the rest of us feel like slackers. At its Board of Governor’s meetings this week — where the owners get together and decide all things NBA — they formally approved the sale of the Memphis Grizzlies to billionaire Robert Pera. “We [more]

Justin Timberlake may be part of new Grizzlies ownership

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Justin Timberlake has lived a charmed life, and I say that in spite of him having been in a boy band. I say that by looking at the list of women he has dated (Jessica Biel, Scarlett Johansson, Cameron Diaz, Alyssa Milano, all the way back to Britney Spears. And that’s the partial list.) Timberlake [more]

Grizzlies new owner breaks silence, still doesn’t say much

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Over the past few months Robert Pera — the 34-year-old Silocone Valley entrepreneur trying to purchase the Memphis Grizzlies — has stayed quiet while the world has buzzed around him. the 34-year-old billionaire hasn’t spoken much at all about his efforts to buy the Grizzles, something tat David Stern likely suggested. He also hasn’t spoken [more]

Heisley says age, health motivated him to sell Grizzlies

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The announcement was not a shock — Michael Heisley has been looking to sell the Memphis Grizzlies for a few years now, he has gone down the road more than once only to turn back for various reasons. But the announcement that he was selling the team to young tech billionaire Robert Pera was unexpected. [more]