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Grizzlies introduce Robert Pera and his new ownership team

Today the Memphis Grizzlies officially introduced Robert Pera as the team's majority owner, along with his local ownership team and the team's new CEO, Jason Levien.

Ronald Martinez

It's a big day for the Memphis Grizzlies. As they get ready to tip off tonight against the Utah Jazz in their first home game of the 2012-13 season, we officially enter the long-awaited "Pera Era."

Today, the Grizzlies introduced Robert Pera, the team's new majority owner, and team CEO Jason Levien to the fans -- and the media.

We now finally know who th group of local investors are, beyond Justin Timberlake, Penny Hardaway and Ashley Manning, the wife of Peyton Manning. The full list consists of:

Joining Pera and Levien in the ownership group are:-

-Grizzlies Vice Chairman Steve Kaplan

-Staley Cates

-Pace Cooper

-Edward Dobbs

-Steve Ehrhart

-Harold Ford, Jr.

-Al Gossett

-The Hand Family

-Penny Hardaway

-Paul Harless

-Pitt Hyde

-Barry Klarberg

-Ashley Manning

-Joseph Nicosia

-Billy Orgel

-Elliot Perry

-Bill Rhodes

-Michael Savit

-Justin Timberlake

-Mike Wharton

-Duncan Williams

-The Wilson Brothers

An interesting group of investors.. Local investors, which is key.

There's a lot to digest here, and really little known about how this team is going to be managed. I mean, they seemed to have said all the right things, but in the end, it's their actions we're looking at. Sure, Levien insisted that the team would practice "smart spending," but, <sarcasm font> doesn't "every" team in the NBA spend smartly?</sarcasm font>

Well, we'll soon find out. For now, I'll leave you with this quote from the Grizzlies presser:

"We have one of the most dynamic ownership groups in professional sports," said Grizzlies CEO Jason Levien. "We expect that its members will play a meaningful, ongoing role in realizing the goals we have set for the team and for ourselves, both on and off the court."