Denver Broncos quarterback Peyton Manning and his wife Ashley, a former Memphian, and Memphis basketball legend Penny Hardaway have agreed to become limited partners in Robert Pera’s bid to buy the Grizzlies, a source close to Pera said Thursday.

Pera, whose purchase of the team from Michael Heisley is being vetted by the NBA, has assembled a group with both star power and local ties, including recent additions such as pop star and actor Justin Timberlake and former congressman Harold Ford Jr.

– Reported by Kyle Veazey of the Memphis Commercial Appeal