Skip to content

Report: Peyton Manning, Penny Hardaway to be Grizzlies minority owners

Oct 4, 2012, 12:51 PM EDT

Oakland Raiders v Denver Broncos Getty Images

Robert Pera — the young tech billionaire in the process of buying the Memphis Grzzlies — continues to put together his ownership group and continues to bring in big names.

Like Peyton Manning. And Penny Hardaway.

They are both in, reports well connected Memphis radio personality Chris Vernon.

That is an impressive celebrity group Pera has put together. He also has a number of local Memphis businessmen who will buy in for a share.

Pera is still going through the league’s vetting process and his purchase (for reportedly $350 million) from Michael Heisley has yet to be approved. There have been questions about Pera’s net worth as the international wireless company he founded, Ubiquiti Networks, faces some challenges. But those have reportedly not slowed the sale down. It’s just a complex process with a number of minority owners who also have to be vetted.

Big name minority owners. Ones whose arm strength may not be what it once was, but who are pretty good hosts of Saturday Night Live. Timberlake in particular.

Every time this happens it leads to concerns Pera may try to move the team, but know that the Grizzlies have about as iron clad a lease as you can have and they are locked in FedEx Forum until 2021 at least.

Latest Posts
  1. Klay Thompson showing “concussion-like symptoms” following knee to head

    May 28, 2015, 2:55 AM EDT

    Klay Thompson Klay Thompson

    This is where the week off until the Finals tip off benefits the Warriors.

  2. Rockets had an excellent season. Are they content with that?

    May 28, 2015, 1:49 AM EDT

    Golden State Warriors v Houston Rockets - Game Four Getty Images

    Houston won 56 games, secured No. 2 seed in powerful Western Conference and won more playoff series than its previous 17 years combined

  3. Jared Dudley calls Carmelo Anthony the NBA’s most overrated player

    May 27, 2015, 8:59 PM EDT

    BASKET-GBR-USA-NBA-MILWAUKEE-NY Getty Images

    First Kobe, now Melo – Dudley goes scorched earth

  4. PBT Extra: Cavaliers’ improved defense helps them to Finals

    May 27, 2015, 8:12 PM EDT

    Cleveland Cavaliers V Atlanta Hawks - Game Four Cleveland Cavaliers V Atlanta Hawks - Game Four

    The Cavaliers are allowing 98.5 points per 100 possession in the playoffs, the best of the four teams to reach the conference Finals

  5. Report: Pelicans interview Jeff Van Gundy

    May 27, 2015, 7:20 PM EDT

    Seattle Seahawks v Houston Texans Getty Images

    Will he become Anthony Davis’ next head coach?

  6. Reports: Bulls getting closer to firing Tom Thibodeau

    May 27, 2015, 5:35 PM EDT

    Cleveland at Chicago, Game 6 Cleveland at Chicago, Game 6

    If they want him gone, they just have to pull the trigger on the firing. Otherwise, bring him back.

  7. PBT Extra: Despite ending, Hawks had season worth celebrating

    May 27, 2015, 4:47 PM EDT

    Atlanta Hawks Media Day Getty Images

    The Hawks had an exciting season, they filled an arena that in past years felt like a mausoleum, they played beautiful basketball for months at a time.

  8. Bucks’ Jared Dudley: “Most guys don’t want to play with Kobe”

    May 27, 2015, 3:23 PM EDT

    Los Angeles Lakers v Los Angeles Clippers Getty Images

    Free agents will still come to the Lakers, but their pool may be smaller than some other teams because of Kobe.

  9. LeBron James: ‘I couldn’t foresee us being in The Finals at the beginning of the season’

    May 27, 2015, 1:10 PM EDT

    LeBron James AP

    Plenty has changed since LeBron re-joined the Cavaliers last summer.

Featured video

Despite ending, Hawks had season to remember
Top 10 NBA Player Searches
  1. S. Curry (7422)
  2. K. Irving (6388)
  3. K. Love (5673)
  4. L. James (4622)
  5. K. Korver (4312)
  1. D. Howard (3835)
  2. K. Bryant (3670)
  3. A. Horford (3620)
  4. K. Durant (3470)
  5. A. Varejao (3444)