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Beyond the Arc Sports

Tipoff: Ownership News, Griz-Jazz Preview

What had been widely speculated broke officially Sunday night. As first reported by Marc Stein of ESPN.com, former NBA player agent and Sacramento Kings executive Jason Levien, who had been acting as a representative for prospective Grizzlies owner Robert Pera for the past several months, has been named to the top post in the new Grizzlies organization.

Levien will be named Chief Executive Officer and Managing Partner of Memphis Basketball, LLC (the new name for the Grizzlies’ governing organization, replacing the previous Hoops LLP), overseeing both the business and basketball sides of the organization and reporting directly to new controlling owner and board chairman Pera. There’s no exact precedent for this in Grizzlies history. Think of Levien as some union of Jerry West, Andy Dolich, and Michael Heisley right-hand man Stan Meadows. In other words, he now has more organizational power than any non-owner in franchise history. (For an inside look on how Levien’s tenure with the Kings came to an end, check out this breakdown from friend of the blog Tom Ziller.)

Pera and Levien met with members of the Commercial Appeal on Sunday, but as of Friday, representatives of the new ownership group had not been on the scene, according to multiple Grizzlies sources, and current staffers seemed uncertain about the degree of change that was looming.

The plan, apparently, is for Pera and/or his representatives to meet with team employees early this morning, ahead of the 10 a.m. public press conference to follow. As one Grizzlies employee joked, “Hopefully you won’t see a line of us walking out with pink slips when you show up.”

Categories
Beyond the Arc Sports

New Griz Owner Robert Pera to be Introduced Monday

New Grizzlies controlling owner Robert Pera.

  • New Grizzlies controlling owner Robert Pera.

The Grizzlies put out an official release this afternoon to announce the completion of the purchase by a group led by Robert Pera, who will be introduced locally at a 10 a.m. press conference on Monday.

The full text of the statement:

MEMPHIS GRIZZLIES SALE TO ROBERT PERA-LED INVESTMENT GROUP COMPLETED
Introductory Media Conference to be held at 10 a.m. Monday, November 5 at FedExForum

Memphis, Tenn. — The Memphis Grizzlies announced today that the sale of the team to a group led by Robert J. Pera has been formally completed. Pera, founder and CEO of Ubiquiti Networks, a publicly-traded next-generation communications technology company, has officially assumed control of the Grizzlies and leads a group of well-respected investors.

“The Grizzlies are here to stay in Memphis,” new Memphis Grizzlies Chairman Robert Pera said. “We are thrilled to assume ownership of the Grizzlies. We see enormous potential and understand the role the Grizzlies play in bringing Memphians together. We are committed to building a winning team with a best-in-class organizational culture, finding new and creative ways to engage with our fans, and making a positive and meaningful difference in the community.”

“Owning the Memphis Grizzlies has been one of the most rewarding business endeavors of my career,” Michael Heisley said. “I am confident that the franchise will continue its development toward being a perennial championship contender and an important member of the Memphis community. I am particularly gratified that we have put together a team which is poised to continue its improvement. In Robert, we have a new owner who has expressed a total commitment to build on our success in Memphis. Although my time as owner has come to a close, I will remain a part of Grizz Nation and will continue to support this franchise that will always hold a special place in my heart.”

An introductory media conference will be held at 10 a.m. this coming Monday, November 5. Pera and members of the new ownership group will be on hand for their first event at FedExForum to tip-off a new era in Memphis Grizzlies basketball and both media and the general public are invited to attend. For those members of Grizz Nation unable to attend in person, the press conference will be streamed in its entirety online at grizzlies.com.

The Grizzlies open their 2012-13 regular season home schedule against the Utah Jazz that evening at 7 p.m. Fans are encouraged to arrive early and enjoy the Opening Night Plaza Party. Beginning two hours prior to tip-off the Plaza Party will feature music, inflatables, face painters, balloon artists, official Grizzlies merchandise, sign-making stations and an interactive video game trailer. Other highlights include appearances from Grizz, the Grizz Girls and Claw Crew. Also, the first 10,000 fans through the doors will receive a Grizzlies T-Shirt presented by First Tennessee Bank.

Fans who want to support the Memphis Grizzlies and purchase tickets to Opening Night, 2012-13 Season Tickets, or 10 and 20-Game Packs can do so by calling (901) 888-HOOP or going online to grizzlies.com. Tickets for the Plaza IV and Terrace IV sections are already sold out.