Everything seems to be lining up for Robert Pera to become the new controlling owner of the Memphis Grizzlies.
I’ve been told that the NBA board of governors is expected to vote on Pera’s bid for the team this Thursday, Oct. 25. The Commercial Appeal reported Wed. that another name has joined the mix of Pera’s partners: He’s Steve Kaplan, a principal and portfolio manager for Los Angeles-based Oaktree Capital Management, L.P.
That makes 13 partners identified so far. I’ve been told there are 2-3 more potential partners from outside Memphis (it’s looking like more private equity involvement) and 4-5 more Memphis area partners likely to join the mix who have not been publicly identified yet.
It should take less than a week from the time the NBA approves the deal for Pera and the current owner, Michael Heisley, to finalize the transaction between them, I’ve been told.
Some Memphis representatives also are likely to be in New York City this Thursday for the vote.