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.

Top NBA Public Bets

NBA Top Stories

Thumbnail Knicks trade for Derrick Rose The Chicago Bulls and New York Knicks made a big trade on Wednesday when the Knicks acquired Derrick Rose in a...
Thumbnail 2017 NBA Finals Odds With the NBA Finals now complete, here is a look ahead to which teams will be favored to contend for next year’s championship.
Thumbnail NBA Finals Game 7 Pick It’s all come down to one game. Who will prevail in Game 7 of the NBA Finalsas the Golden State Warriorshost the Cleveland Cavaliersat 8PM ET?
Thumbnail NBA Finals Game 7 Total Pick Will Game 7 of the NBA Finalsbe another high-scoring affair, or will it be a grind out between the Golden State Warriorsand Cleveland...
Thumbnail NBA Finals Game 6 Pick Can the Golden State Warriors get back on track in Game 6 of the NBA Finals or will the Cleveland Cavaliers create...
More inNBA Articles  

NBA Team Pages