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Robert Pera

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» Sunday, November 4 2012

Levien was part of the Joshua Harris-led group that purchased the 76ers leading into the 2011-12 season. Sources say that Levien, in addition to his new post operating the Grizzlies, will continue in his role as general partner of DC United in Major League Soccer, which he assumed in July when he and fellow Sixers minority owner Erick Thohir purchased the MLS club. ESPN.com

Memphis Grizzlies, Philadelphia 76ers, Jason Levien, Robert Pera 
 

» Thursday, November 1 2012

The Memphis Grizzlies have changed owners officially, and the new bosses want to make clear their commitment to staying in Tennessee very clear. "The Grizzlies are here to stay in Memphis," new Grizzlies chairman Robert J. Pera said. The Grizzlies announced Wednesday that the reported $377 million sale by Michael Heisley had been finalized to a group led by Pera, a former Apple engineer who founded the communications technology company Ubiquiti Networks. The group includes local businessmen, entertainer Justin Timberlake, Memphis native and former NBA player Penny Hardaway, a former U.S. congressman and Ashley Manning, wife of four-time NFL MVP Peyton Manning. ESPN.com

Memphis Grizzlies, Michael Heisley, Penny Hardaway, Justin Timberlake, Peyton Manning, Robert Pera 

An introductory media conference will be held at 10 a.m. this coming Monday, November 5. Pera and members of the new ownership group will be on hand for their first event at FedExForum to tip-off a new era in Memphis Grizzlies basketball and both media and the general public are invited to attend. For those members of Grizz Nation unable to attend in person, the press conference will be streamed in its entirety online at grizzlies.com. ESPN.com

Memphis Grizzlies, Michael Heisley, Penny Hardaway, Justin Timberlake, Peyton Manning, Robert Pera 
 

» Tuesday, October 30 2012

Pera also agreed to a three-pronged proposal of safeguards that essentially binds the team in Memphis for another 15 years. "I'm looking forward to those Memphians who are going to connect this team in an even stronger way to this community," NBA Commissioner David Stern said last week. "We think Memphis is a great community and has the ability and the capacity to be an extraordinary leader in the NBA." Memphis Commercial Appeal

Memphis Grizzlies, Robert Pera 
 

» Monday, October 29 2012

Robert Pera is officially the Grizzlies' majority owner. The 34-year-old Silicon Valley wireless technology entrepreneur on Monday afternoon closed his deal to buy the NBA franchise from Michael Heisley, according to sources with knowledge of the deal. Pera's purchase price was recorded at $377 million in documents presented last week to the NBA Board of Governors, a source said. The league voted unanimously to approve transfer of ownership to Pera's group during its meeting last Thursday. Pera becomes just the second owner of Memphis's major league sports franchise on the eve of its 12th season in the Bluff City. Memphis Commercial Appeal

Memphis Grizzlies, Michael Heisley, Robert Pera 

$377,000,000 -- Final sales price, per sources, of the Memphis Grizzlies from former owner Michael Heisley to a group led by wireless technology entrepreneur Robert Pera. There had been questions about Pera's financial stake after his Ubiquiti Networks wireless equipment supply company reportedly lost tens of millions of dollars in value in recent months, but Pera bolstered his group -- which includes minority ownership stakes by Denver Broncos quarterback Peyton Manning, ex-NBA All-Star Penny Hardaway and former Congressman Harold Ford, Jr. -- with two substantial minority partners who each put up more than $25 million in cash, according to a source. NBA.com

Memphis Grizzlies, Michael Heisley, Penny Hardaway, Peyton Manning, Robert Pera 
 

» Thursday, October 25 2012
 

» Wednesday, October 24 2012

The approval suggests that a positive vote can be expected from the NBA’s Board of Governors when it meets as a whole Thursday at the St. Regis Hotel. The board has a representative from each of the teams and an ownership transfer must receive an approval from three-fourths of the group. Memphis Commercial Appeal

Memphis Grizzlies, Owners, Robert Pera 
 

» Tuesday, October 23 2012

Robert Pera's bid to own the Grizzlies is on the agenda for consideration by the NBA's Board of Governors at its meetings Wednesday and Thursday in New York City, sources familiar with the process told The Commercial Appeal. If the board approves the deal, only one hurdle would remain before the completion of the first ownership transfer in the Grizzlies' 11 years in Memphis: Pera's group would then have to close the deal with current owner Michael Heisley. Pera agreed in June to buy the team from Heisley for what is believed to be $350 million. Memphis Commercial Appeal

Memphis Grizzlies, Michael Heisley, David Stern, Owners, Robert Pera 

Sources told ESPN.com that one of the key agenda items at this week's two-day Board of Governors session in Manhattan is ratifying the transfer of control of the Grizzlies from the outgoing Michael Heisley to Pera's star-studded consortium, which includes actor/singer Justin Timberlake as well as Denver Broncos quarterback Peyton Manning and wife Ashley. Timberlake and Ashley Manning are native Memphians, as are two more prominent minority owners in Pera's group: Ex-NBA All-Star Penny Hardaway and former Congressman Harold Ford Jr. ESPN.com

Memphis Grizzlies, Michael Heisley, David Stern, Penny Hardaway, Justin Timberlake, Owners, Peyton Manning, Robert Pera 

Sources said on Monday that Pera has likewise since recruited Los Angeles-based financier Stephen Kaplan to join the Grizzlies' new ownership group. Approval is generally regarded as a formality once it advances to the point of being presented to the league's Board of Governors -- which includes a voting representative from every NBA franchise -- for a vote. ESPN.com

Memphis Grizzlies, Michael Heisley, David Stern, Owners, Robert Pera 
 

» Thursday, October 4 2012

Denver Broncos quarterback Peyton Manning isn't allowed to own a piece of a football team per NFL rules, but that doesn't mean he can't own a piece of another team in another sport. Sources have confirmed to ESPN.com that Manning is part of the proposed ownership group led by Robert Pera, who agreed to buy the Memphis Grizzlies from Michael Heisley for about $350 million this summer. ESPN.com

Memphis Grizzlies, Michael Heisley, Peyton Manning, Robert Pera 
 

» Thursday, September 27 2012

Heisley, who has owned the franchise for the past 12 years, remains confident about his agreement to sell the team to Robert Pera despite the more-than three months that have expired since the deal was announced. "I don't think it's dragging on," said Heisley, who accepted a $10 million deposit from Pera on June 11. "Putting together the financing involving hundreds of millions of dollars is always a complex process. The banking industry is a lot more cautious and it takes a little longer than it did in the past. But I have no reason to believe that it won't go forward." Memphis Commercial Appeal

Memphis Grizzlies, Michael Heisley, Robert Pera 
 
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