Heisley ends talks with Larry Ellison over sale of GrizzliesPosted by Inside Hoops
Grizzlies owner Michael Heisley reiterated today his doubt that the franchise will be sold anytime soon.
How can Heisley be so sure?
He’s instructed his attorney, Stan Meadows, to stop negotiating with Oracle founder Larry Ellison because of Ellison’s repeated overtures about relocating the team.
“We’re not even considering Ellison,” Heisley said. “This team cannot be moved.”
Ellison recently signed a confidentiality agreement with Heisley and began an exploratory process to buy the Grizzlies. It was at least the third time Ellison inquired about the team over the past several years.
– Reported by Ronald Tillery of the Memphis Commercial Appeal