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According to Marc Stein of ESPN, a 34(!!!)-year old billionaire named Robert Pera has emerged as a buyer for the Grizzlies franchise. This news is just now happening-expect more from ESPN and 3SOB as events unfold. He lives in San Jose…huh. That’s interesting.

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  1. HeathNo Gravatar says:

    It looks as if the buyer will keep the Grizzlies in Memphis, and thank goodness for that. If the city of Memphis lost this franchise, i don’t know how it would react. Nothing positive, at least, would happen.

  2. GermanGrizzFanNo Gravatar says:

    From what I`ve read, the guy is a b-ball fanatic and will keep the Griz in Memphis. So, good news, in my book.

  3. presidentjoeNo Gravatar says:

    Wow! Just read the ESPN story. Sounds like it will go through. According to the FedEx contract, don’t the local owners get to bid now? This guy may say he wants to keep the team in Memphis but that may be for 3 or 4 years then he may bolt for Calif. This changes everything.

  4. EvanNo Gravatar says:

    Huge penalties/fines if they break the Forum lease before 2021.

    Hooray for a young well-to-do owner. Fcuk Heisley….

    • JoelNo Gravatar says:

      yeah…. lets bash the guy who brought Z-BO and Marc to Memphis…. -_-

    • Chris FaulknerNo Gravatar says:

      umm? Heisley is the ONLY reason this city has an NBA team. Heisley loves this city and the people. He’s 75 and in declining health … he can’t travel to Memphis for games very easily and he wanted to sell the team before got really sick/died.

  5. Lee Eric SmithNo Gravatar says:

    Perhaps Pera can be our own “Mark Cuban” — a young, enthusiastic billionaire owner who helps take the team to another level . . .

    For those of you too young to remember, there was indeed a time — a LONG TIME, in fact — during which the Dallas Mavericks sucked. I mean, big time sucked. Of course, Dirk (with nods to Michael Finley & Steve Nash) helped change all that, but Cuban was the catalyst.

    It will be interesting to see if Pera has the same aversion to the luxury tax that Heisley has.

    • Chris FaulknerNo Gravatar says:

      Lee, you read my mind. I immediately thought “Mark Cuban” followed by an immediate thought of “luxury tax.”

      We will now have an owner that has the energy and will to be as passionate about this team as we, the fans, are.

  6. Andrew HarrisonNo Gravatar says:

    Lee, I texted my buddy that exact same message this afternoon, when it became official. The San Jose part is a little bit troubling, but other than that, I feel good about the sale. Let’s hope he falls in love with Memphis and is serious about bringing a title to Beale Street.

  7. btrautscNo Gravatar says:

    friends & fellow fans…

    This team will be in San Jose within 3 seasons (if not less).

    Silicon Valley is booming. 45 miles North, SF is pushing hard and will succeed in getting the Warriors and a new stadium. Apple, Facebook, Google, Netflix, Linkedin, Salesforce, Cisco, Adobe, HP and a myriad of VC firms who are cash rich right now and willing to spend on entertainment.

    San Jose has a NHL arena in the HP Pavilion (used for NCAA tourney) and a high avg income with citizens ripe for sports entertainment (Wikipedia shows the Sharks avg 100% attendance).

    The community has been pushing for a franchise, and I expect the Grizzlies will be the team to make the leap.

    I really hope I am wrong, but I expect a plethora of rich contributors will come out of the woodwork to make the finance work in getting the team out of Memphis early.

    We’ll see..

  8. HeathNo Gravatar says:

    I know the are extreme penalties for the owner if the team is moved before 2012, right? If anyone knows those penalties, could they post it on here? Because being that the new owner is a 34 year old BILLIONAIRE, i don’t think the penalties would hurt him too much.

  9. OinkyNo Gravatar says:

    Not even a handshake deal that he would keep the team in Memphis. I don’t like the smell of this one bit.

  10. CCNo Gravatar says:

    Re: the San Jose rumors/BS… that’s only 50 miles from ‘bay area’/Warriors & only 120 miles from Sacramento Kings.
    This is a joke & NOT happening.

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