Robert Pera’s deal to retain control of the Memphis Grizzlies under the terms of an unusual buy-sell clause values the team between $1.3 billion and $1.4 billion, a big price tag for a small-market team that has been among the league’s largest revenue-sharing recipients, sources familiar with the process told ESPN.
To buy the Grizzlies in 2012, Pera teamed with two large minority partners — Steve Kaplan and Daniel E. Straus, who owned in the neighborhood of 30 percent of the Grizzlies combined, sources told ESPN.
Source: Zach Lowe of ESPN
If you are looking to bet on the Grizzlies, make sure to check if sports betting in Tennessee has been legalized . You can also use one of the numerous US online sportsbooks or one of the offshore betting sites.
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