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.