Peyton Manning's wife Ashley joins Grizzlies ownership

According to Kyle Veazey, Peyton Manning's wife Ashley is also part of the ownership group.

Of note: Source close to Pera stresses that Manning involvement is with both Peyton AND Ashley, Memphis native (I believe), not just Peyton.

— Kyle Veazey (@kyleveazey) October 4, 2012

Ashely is apparently from Germantown.

Penny Hardaway also expected to join Manning and Timberlake in ownership deal

According to Chris Vernon, former NBA All-Star Penny Hardaway will be a part of the group ownership deal that includes both Peyton Manning and Justin Timberlake.

Per Vernon:

SCOOP 2: Also involved in the local ownership… Penny Hardaway. they now have Justin Timberlake, Peyton Manning, and Penny Hardaway. Wow.

Breaking: Peyton Manning agrees in principle to become part owner of the Grizzlies

According to Chris Vernon, Peyton Manning has agreed to become a part owner of the Memphis Grizzlies.