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Sources: Grizzlies' Sale To Robert Pera In Trouble

Started by LALakersFan4Life , Jun 17 2012 12:29 PM

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3 replies to this topic

#1 LALakersFan4Life

16 Time NBA Champions Los Angeles Lakers!

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Posted June 17, 2012 - 12:29 PM

The sale of the Grizzlies to Robert Pera is already in trouble of falling through, according to sources.

Pera's net worth fell from $1 billion to $200 million over the last two weeks due to a severe change in the stock price of his Ubqiquiti Networks.

Pera agreed to buy the Grizzlies for $350 million.

http://www.nydailynews.com/sports/basketball/nba-bitter-lockout-ends-lebron-james-kevin-durant-finals-article-1.1097006?pgno=2

Edited by LALakersFan4Life, June 17, 2012 - 12:38 PM.

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#2 West Coast

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Posted June 17, 2012 - 12:32 PM

Talk about losing a lot of money!

#3 Yaboy

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Posted June 17, 2012 - 02:09 PM

Oh [expletive] .. that sucks.

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