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Report: Michael Heisley Interested in Buying Another Team

The Grizzlies' former owner wants back in the league, he told USA Today's Jeff Zillgitt.

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Spruce Derden-US PRESSWIRE

Welp. In a story that seems sort of weird since one of the main reasons Heisley gave (publicly, anyways) for selling the Grizzlies was that he was old and had to make plans for not being around anymore, former Griz owner Michael Heisley told USA Today that he’s interested in owning another NBA franchise.

Uhh… what?

Let’s let Heisley explain it himself:

"If you look at my business record, I basically love to do turn-arounds. That’s where I made all of my money," Heisley said. "I made my money turning around distressed or bankrupt companies. I did 50-some of them in my career. … I started on a shoestring and eventually built up quite a fortune.

"I tremendously enjoy getting involved in a troubled situation and straightening it out. … My interest would be if there was a situation that came up and I thought I could do something with and the price was right, I would be interested."

He did make a profit in the selling of the Grizzlies, for what it’s worth, but it’s not clear how much of one since the team lost a lot of money in its first years in Memphis.

But, still. What team will he buy? He’s been linked to the Milwaukee Bucks, who are apparently not for sale, and in the article he tells USA Today he hasn’t expressed any interest in the Sacramento Kings.

What’s he going to do, move a team to Vancouver? And if he still wants to own an NBA team, what made him sell the Grizzlies in the first place?