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Who Owns The Memphis Grizzlies?
So, who owns the Memphis Grizzlies? The Memphis franchise is currently owned by Robert Pera, who bought the team in 2012 for $377 million. Prior to Pera, the team was owned by Michael Heisley. Heisley had owned the team since 2000 when he bought it from Disney. Under Heisley’s ownership, the team enjoyed great success, making the playoffs six times and reaching the Western Conference Finals in 2013.
However, shortly after Heisley’s death in 2013, the team was sold to Pera. Pera is a tech entrepreneur who made his fortune through the sale of his company, Ubiquiti Networks. While he is not as well-known as some other NBA owners, he has been a steady presence with the team, attending games and working behind the scenes to ensure the team’s success.
According to Forbes, as of the 2023-2024 season, the Memphis Grizzlies are worth $3.0 Billion. This makes them the 30th most valuable National Basketball Association (NBA) franchise.
About The Memphis Grizzlies Franchise
The Memphis Grizzlies are a professional basketball team based in Memphis, Tennessee. The Grizzlies compete in the National Basketball Association (NBA) as a member of the league’s Western Conference Southwest Division. The Grizzlies play their home games at FedExForum located in downtown Memphis.
The team was first established as the Vancouver Grizzlies, an expansion team that joined the NBA for the 1995–96 season. After six seasons in Vancouver, the team relocated to Memphis, Tennessee, where they were renamed the Memphis Grizzlies. The Vancouver Grizzlies were notable for being the first Canadian-based NBA team.
The Grizzlies have had some great players over the years, including Pau Gasol, Mike Conley, Zach Randolph, and Marc & Pau Gasol. They are currently led by rising superstar Ja Morant, who hopes to lead the franchise to its first NBA Finals appearance.
As of 2019, the Memphis Grizzlies have qualified for the NBA playoffs 12 times: in 2004, 2005, 2006, 2011, 2012, 2013, 2014, 2015, 2016, 2019, and 2022. The team has appeared in the Western Conference Finals once, in 2013, but lost in four games to the San Antonio Spurs.
The Memphis Grizzlies have had many rivals over the years. Their most notable rivals include the Houston Rockets, the San Antonio Spurs, and the Dallas Mavericks.
