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
-Harold Ford, Jr.
-The Hand Family
-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."