Sale of Memphis Grizzlies to Robert Pera Approved

The NBA’s Board of Governors approved the sale of the Memphis Grizzlies from Michael Heisley to an investor group led by Robert Pera today. The decision was unanimous. From the press release: “We are delighted that the NBA’s Board of Governors has approved Robert Pera’s purchase of the Grizzlies,’ said NBA Commissioner David Stern. ‘Robert will no doubt bring great energy and passion to the franchise. He has assembled an ownership group with very strong local ties, and we anticipate that their commitment to the Memphis area will greatly benefit both the team and the community.'”