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Grizzlies See Uptick In Corporate Sponsorships And Ticket Sales
Published October 30, 2012
MAKING IT OFFICIAL: In Memphis, Ronald Tillery reports Robert Pera “is officially the Grizzlies' majority owner.” Sources yesterday said that Pera “closed his deal to buy the NBA franchise from Michael Heisley.” A source said that Pera's purchase price was “recorded at $377 million in documents presented last week” to the NBA BOG. Tillery notes Pera is “expected to speak publicly soon about the purchase now that the deal has closed.” He has “made no public comments about the Grizzlies since agreeing to purchase the team on June 11.” NBA Commissioner David Stern said that he “expects to be in Memphis on Nov. 5, the date of the team's home opener, suggesting that the team may also be introducing Pera then" (Memphis COMMERCIAL APPEAL, 10/30).