(New York, NY) The Board of Governors of the NBA has unanimously approved the sale of the Memphis Grizzlies.
The Grizzlies are being bought by an investor group headed by Robert Pera, Justin Timberlake and Peyton Manning’s wife Ashley.
“We are delighted that the NBA’s Board of Governors has approved Robert Pera’s purchase of the Grizzlies,” said NBA Commissioner David Stern. “Robert will no doubt bring great energy and passion to the franchise. He has assembled an ownership group with very strong local ties, and we anticipate that their commitment to the Memphis area will greatly benefit both the team and the community.”