Sale of Grizzlies one step closer to final - Action News 5 - Memphis, Tennessee

Sale of Grizzlies one step closer to final

Posted: Updated:
MEMPHIS, TN -

(WMC-TV) – The NBA Board of Governors approved the sale of the Memphis Grizzlies to Robert Pera and his partner group.

On Wednesday, the NBA Finance Committee approved the sale. The Board of Governors' approval was the next step.

Lastly, the league will need to approve the sale, which will make it final.

Robert Pera is a technology entrepreneur, who formed a group of investors which includes Peyton Manning, Penny Hardaway, Elliot Perry, and Justin Timberlake.

Copyright 2012 WMC-TV. All rights reserved.

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