Advertisement

 MEMPHIS, Tenn. (AP) - The new chairman of the Grizzlies says he ``fully understands'' that Memphis really owns the NBA team, even though he's the controlling owner.
Robert J. Pera introduced himself Monday morning along with the new chief executive officer of Memphis Basketball, LLC, the group that bought the Grizzlies from Michael Heisley for $377 million in a sale finalized last week.
Pera says they plan to put together a competitive team while also building a great brand and product. He says the Grizzlies organization will be very involved with the city.
He made his first big move Sunday, naming Jason Levien as the CEO and managing partner of Memphis Basketball, LLC. That puts Levien in charge of the ownership group operating both the Grizzlies and FedExForum.
Advertisement

Top NBA Public Bets

Advertisement

NBA Top Stories

Thumbnail Lottery pick to begin pro career as reserve The Lakers stumbled to a 17-65 finish in 2015-16. Yet that doesn’t mean they’re willing to just hand over the keys to the No. 2 overall pick in June’s NBA draft.
Thumbnail Anthony, new faces hope to make run in East Carmelo Anthony announced his retirement from international competition in August after helping the U.S. men’s Olympic squad win gold. But will he ever...
More inNBA Articles  

NBA Team Pages

Advertisement