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Another NBA Team Moving To Cali?


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#1 LALakersFan4Life

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Posted March 17, 2012 - 02:20 PM

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Californian Larry Ellison, ranked as the third-richest person in the U.S., has inquired about buying the Memphis Grizzlies with apparent hopes of moving the team to San Jose.

But majority team owner Michael Heisley today downplayed the possibility of a sale — and of a relocation, citing a lease that ties the franchise to Memphis and FedExForum until 2021.

“I can’t downplay it enough. If it happens I’ll be surprised,” said Heisley, a Chicago-based billionaire who added that talks had not become serious. “It’s in the initial stages. We’ve handled this just like we’ve handled several other dozen requests. My situation in Memphis has not changed a lick. My preference will always be for somebody in Memphis to buy the team. There’s not any interest in Memphis. But we’ve always made it known that if somebody wants to buy the team, we’ll listen. If they’re real buyers we’ll probably be sellers. So far there hasn’t been anyone willing to buy the team under my terms and for my price.”

Ellison, CEO of software giant Oracle Corp., is worth $36 billion, according to Forbes. He has made unsuccessful attempts to buy the NBA’s New Orleans Hornets and Golden State Warriors. Ellison has inquired about the Grizzlies before over the past five years.

Heisley, who is asking $350 million for the Griz, insisted that team’s contractual obligations would require consent from the city and the league for a move before 2021. Heisley also acknowledged that the Griz currently have three individuals looking to buy the team. But Heisley said he doesn’t have a signed purchase agreement with any suitor.

Memphian Andy Cates, one of Heisley's local minority-share owners, said, "Mike has been a good owner for Memphis, and we appreciate the fact that he brought the team here and has built a good franchise.

“There has always been interest in acquiring the team by locals, but we’ve never been able to agree on terms, and therefore have not been able to move forward.”


http://www.commercialappeal.com/news/2012/mar/17/oracle-corps-ellison-inquires-about-buying-grizzli/?partner=RSS

Edited by LALakersFan4Life, March 17, 2012 - 02:23 PM.


#2 androsays

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Posted March 17, 2012 - 02:49 PM

no

2div

#3 ggim125

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Posted March 17, 2012 - 03:02 PM

Just like the LA market...Northern California is already saturated by either Warriors fans or Kings fans.

Besides, this is the best stretch in franchise history for the Grizzlies...they should be close to, if not, selling out all of their home games.

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#4 Hollywood

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Posted March 17, 2012 - 03:09 PM

i wouldn't mind the Kings in Anahiem that's closer to where i stay during my time off from school but i agree California had 4 basketball teams we don't need 5 , he should locate to somewhere else like Nevada they have no team.
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#5 ggim125

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Posted March 17, 2012 - 03:15 PM

or Seattle...it still weird sometimes that there's no NBA in Seattle

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#6 Hollywood

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Posted March 17, 2012 - 03:16 PM

has Nevada ever had a basketball team?
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#7 Roidz

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Posted March 17, 2012 - 03:29 PM

$36 BILLION? Geez, buying an nba team is chump change for that guy.

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#8 GP1_KB24

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Posted March 17, 2012 - 03:56 PM

has Nevada ever had a basketball team?

NBA team wouldn't work their IMO. At least not in Vegas.

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#9 JEN

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Posted March 17, 2012 - 04:32 PM

If anything, I'd rather see a team in Seattle again.

And I know this was a few yrs ago or something but, whatever happened to those talks about bringing a team to Vegas anyway?

#10 bigvee

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Posted March 17, 2012 - 06:22 PM

If anything, I'd rather see a team in Seattle again.

And I know this was a few yrs ago or something but, whatever happened to those talks about bringing a team to Vegas anyway?

That was all speculation because of all of the attention brought to Vegas because of the all star weekend. I don't think any owner would trust paying millions to his players to live in Vegas. That just sounds like way too much to deal with.

#11 Azazello

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Posted March 17, 2012 - 07:01 PM

The city would have to build an arena to lure the NBA to Vegas. Without public financing it will never happen.

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Posted March 17, 2012 - 10:04 PM

Seattle, Las Vegas, North Dakota, or Rhode Island should have an NBA team more.

yo.


#13 Hollywood

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Posted March 17, 2012 - 10:30 PM

nd?
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#14 Hollywood

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Posted March 17, 2012 - 10:32 PM

if it was possible i would put a team in Vegas people there do one thing SPEND SPEND SPEND
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#15 NYCLakerfan

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Posted March 18, 2012 - 07:59 AM

Seattle, Las Vegas, North Dakota, or Rhode Island should have an NBA team more.


North Dakota and Rhode Island why?

If anything Seattle, St. Louis, and Vegas are they cities I think should have a team.

#16    

   

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Posted March 18, 2012 - 04:28 PM

ND & RI I don't think have ever had ANY professional sports franchise. They deserve one. Don't you feel for their people? It's not fair.

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#17 Hollywood

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Posted March 18, 2012 - 04:29 PM

RI too small
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#18    

   

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Posted March 18, 2012 - 04:32 PM

Too small? I'm sure they can at least fill up the average about 20,000 capacity crowd for a home game.

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#19 NYCLakerfan

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Posted March 18, 2012 - 07:24 PM

Too small? I'm sure they can at least fill up the average about 20,000 capacity crowd for a home game.


Their markets are tiny not to mention Rhode Island is in between the NY and Boston market

#20 GP1_KB24

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Posted March 18, 2012 - 08:18 PM

I'm with NYC. No way in hell North Dakota or Rhode Island should get a team. Should we give Montana, Idaho, and Wyoming one too while we're at it?

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