The Memphis Grizzlies future has been on hold for five years. It could be resolved soon according to the Athletic’s exclusive story.
Steve Kaplan or Daniel Strauss (possibly both) have exercised their option to purchase Robert Pera’s shares of the Memphis Grizzlies. Pera can either match the offer and buy out the investor(s), or he must sell.
What’s the Next Step?
Some time in the next 90 days the minority owner(s) will announce their price to Pera. The price isn’t based on any previous sales figure. The sale of other teams recently will have an impact on the valuation.