3sob.com | Ownership

Thunder vs. Grizziles = Republicans vs. Democrats?

By Red Coleman On May 13, 2013 · Add Comment · In May 2013

I posted a link to this on Twitter (@3SOB) last week when it aired, but it probably deserves a little more attention. As Lee Smith pointed out to me, you know you have made it when the media starts mentioning you in non-basketball ways. Well, this isn’t a completely non-basketball related discussion between ESPN Truehoop’s own Henry Abbot and Kevin Arnovitz, but it definitely strains the boundaries of tying in basketball and politics.

Quick background: Clay Bennett, owner of the [...]

Teams on the Move…and Other Instances of Removing a Heart

By Red Coleman On January 9, 2013 · Add Comment · In January 2013

Right now, Twitter is going bananas with the news that a Seattle-based investment group headed by Chris Hansen and Steve Ballmer have an agreement in place to purchase the Sacramento Kings from the much-maligned Maloof brothers. Effectively, this means that there will once again be an NBA team in Seattle in the very near future.

Back in the preseason, I had started writing a column about such a thing occurring after Hansen got the city of Seattle to agree to [...]

Memphis Grizzlies Sale Finalized

By Red Coleman On October 31, 2012 · Add Comment · In October 2012

Press release:

MEMPHIS GRIZZLIES SALE TO ROBERT PERA-LED INVESTMENT GROUP COMPLETED

Introductory Media Conference to be held at 10 a.m. Monday, November 5 at FedExForum

Memphis, Tenn. – The Memphis Grizzlies announced today that the sale of the team to a group led by Robert J. Pera has been formally completed. Pera, founder and CEO of Ubiquiti Networks, a publicly-traded next-generation communications technology company, has officially assumed control of the Grizzlies and leads a group of well-respected investors.

“The Grizzlies [...]

Thank You Mr. Heisley

By Chip Crain On October 25, 2012 · 7 Comments · In October 2012

I come not to bury Heisley, but to praise him.

Pardon my deliberate misquote of William Shakespeare but sometime today the league will likely announce that the league’s owners have approved Robert Pera’s bid to purchase the Memphis Grizzlies and this will all but end the Heisley era in Memphis. The check won’t be written for a few more days to officially end Mr. Heisley’s reign as owner of the Grizzlies but that is just a formality now.

I come [...]

Local Ownership Back on Board

By Chip Crain On August 22, 2012 · 2 Comments · In August 2012

The Commercial Appeal has reported that a local group has joined forces with Robert Pera in the purchase of the Memphis Grizzlies from current owner Michael Heisley.

The group is said to include Pitt Hyde, Staley Cates, Ed Dobbs, Duncan Williams and Billy Orgel. Hyde and Cates were both part of the original ownership group that helped bring the team from Vancouver 12 years ago. It is suspected that the group of owners could grow larger as well.

[...]

Thunder vs. Grizziles = Republicans vs. Democrats?

Teams on the Move…and Other Instances of Removing a Heart

Memphis Grizzlies Sale Finalized

Thank You Mr. Heisley

Local Ownership Back on Board

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