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NBA to vote on Pera's bid to buy Grizzlies

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01:30 PM ET 10.23 | The NBA Board of Governors is expected to vote on Robert Pera's bid to buy the Memphis Grizzlies on either Wednesday or Thursday, according to the Memphis Commercial-Appeal. There had been some doubt that the bid would go through, but this is a clear indication that things are progressing as expected. Pera verbally agreed to purchase the team from Michael Heisley for a reported $350 million. The sale will pass if three-fourths of the Board of Governors approves the purchase.

Memphis Commercial Appeal

Jim Brown-US PRESSWIRE, Jim Brown-US PRESSWIRE Jim Brown-US PRESSWIRE, Jim Brown-US PRESSWIRE
October 23, 2012  01:39 PM ET

I got nothing.............

Comment #2 has been removed
October 23, 2012  02:36 PM ET
QUOTE(#2):

will all the whining OWNERS now please hush, he bought the griz 10 years ago for 160 mil....and now selling for OVER double-these teams are NOT losing $$$

Fixed that for you.

Comment #4 has been removed
October 23, 2012  03:32 PM ET
QUOTE(#2):

will all the small market whiners now please hush, he bought the griz 10 years ago for 160 mil....and now selling for OVER double-these teams are NOT losing $$$

That amount will include all the guaranteed contracts on books plus liabilities etc.

Agreed that they will make SOME profits but it's the double-amount that it appears to be.

 
October 23, 2012  03:45 PM ET
QUOTE(#4):

thank you-but some of the small market homer posters must be included

Agreed.

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