Memphis Grizzlies Valued Over $1.3 Billion in Robert Pera Deal

by April 10, 2018
grizzlies robert pera value

Robert Pera will retain controlling interest of the Memphis Grizzlies after buying out minority owner Daniel Straus.

According to ESPN’s Zach Lowe, based on the buyout price, the team was valued between $1.3 billion and $1.4 billion.

In February, Forbes valued the Grizzlies at $1.025 billion, ranking 29th among the NBA’s 30 teams.

Robert Pera’s deal to retain control of the Memphis Grizzlies under the terms of an unusual buy-sell clause values the team between $1.3 billion and $1.4 billion, a big price tag for a small-market team that has been among the league’s largest revenue-sharing recipients, sources familiar with the process told ESPN. […]

Kaplan and Straus then submitted separate bids, with Straus’ bid the highest. After a waiting period, Pera announced Monday that he would match the bid and buy out Straus. What happens to Kaplan and his shares is unclear.

Grizzlies Owner Robert Pera Faced With Buy-Sell Clause