Justin Timberlake - Justin Timberlake To Buy Into Memphis Grizzlies


Justin Timberlake is heading back home! We don't mean back to his N*Sync days unfortunately, but instead back to his home town of Memphis, Tennessee as the singer is reportedly set to become a part-owner of the NBA franchise the Memphis Grizzlies.
ESPN reported online that potential new owner Robert Pera is set to make a takeover bid for the team and wants to have Memphis-native Timberlake on his team of minority partners. Pera, a 34-year-old technology guru, is planning on putting together a young team of passionate basketball lovers to take over from current owner Michael Heisley, who is ready to hand over the reigns to a new set of people.
Heisley bought the Grizzlies back in 2000 when the club were based in Vancouver, but with the businessman now contemplating retirement it is time for the franchise to change hands, but not cities. Pera has vowed to make sure that the Grizzlies keep their place in Memphis rather than up ship to another city, supposedly a factor that was key in establishing Timberlake's interest in joining his team.
ESPN.com reported the news back in June this that Pera, Ceo of Ubiquiti Networks, had agreed to pay a fee close to $350 million for the rights to owning the Grizzlies. Since then, shares in his company have dropped, although with a group of minority owners on his side now it looks as though the deal is ready to go under way.


Contactmusic

Tags: Justin Timberlake - CEO


Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

Justin Timberlake Newsletter

Subscribe to this news alert service to receive news and reviews on Justin Timberlake

Unsubscribe | Unsubscribe All