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Thomas

We could be looking at new ownership in October

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https://www.sportando.com/en/usa/nba/255849/grizzlies-minority-owners-kaplan-and-straus-reportedly-exercise-buy-sell-option.html

This article says that Kaplan & Strauss exercised their option in January of this year. I wonder how long they got to determine the price.

I think Pera is buying them out. Someone said he sold 50M of his stock in his company, that may be all the cash he has to put up, I hope so, I want him to own the team.

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On 12/3/2017 at 8:54 AM, LuvThem Grizzlies said:

Is there any stronger franchises than the Lakers and the Knicks? Have they been winners lately? Where was their support when they had the other team? You know, the Sonics??????????

Both the Lakers and the Knicks have won at least one NBA title, and the Sonics during their total years of having a team have supported their team better than Memphis.

The only reason Memphis got a franchise is because they promised to build a new arena. They want have a NBA team by 2022.

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39 minutes ago, scooter said:

Both the Lakers and the Knicks have won at least one NBA title, and the Sonics during their total years of having a team have supported their team better than Memphis.

The only reason Memphis got a franchise is because they promised to build a new arena. They want have a NBA team by 2022.

Doesn't Las Vegas want to have 1 too, I'll bet that quite a few cities would love to have 1. I doubt if the Bucks, the Hornets, the Pelicans, the Spurs, the Suns the Jazz and other teams are blowing themselves into the tax penalty and that would be the only way this team could get to be a contender.

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23 minutes ago, LuvThem Grizzlies said:

Doesn't Las Vegas want to have 1 too, I'll bet that quite a few cities would love to have 1. I doubt if the Bucks, the Hornets, the Pelicans, the Spurs, the Suns the Jazz and other teams are blowing themselves into the tax penalty and that would be the only way this team could get to be a contender.

But you guys have Parsons. He's making enough money to make you guys a contender  :lol:

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On 12/2/2017 at 10:46 PM, UofMark said:

The NBA doesn't want any relocations to Seattle, which is why the kept the Kings from moving there a few years back. The league wants to place an expansion team there in the next 10 years. With a projected expansion fee of 1.5 billion (it may be more), that would net each of the current 30 NBA franchises $50 million in new capital. That's the reason the NHL just went to Las Vegas, and 31 teams, and is also eying Seattle.

I just read on twitter yesterday or so, but I can't find it now, that Seattle just passed a memorandum to put millions into renovating Key Arena with the hopes/plan to attract an NHL or NBA team there within the next 5 years.

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1 hour ago, Grizzled Vet said:

I just read on twitter yesterday or so, but I can't find it now, that Seattle just passed a memorandum to put millions into renovating Key Arena with the hopes/plan to attract an NHL or NBA team there within the next 5 years.

Seattle Votes To Improve Arena

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14 hours ago, LuvThem Grizzlies said:

They do have talent and it wouldn't surprise me if the come roaring back. I do believe NO has less attendance than Memphis does. Look at Atlanta now.

Nope. NOLA is drawing more than Memphis

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11 hours ago, scooter said:

Nope. NOLA is drawing more than Memphis

New Orleans 'paid' attendance is a whopping 125 more than Memphis. The percentage of actual ticket usage is much higher in Memphis.

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8 hours ago, UofMark said:

New Orleans 'paid' attendance is a whopping 125 more than Memphis. The percentage of actual ticket usage is much higher in Memphis.

I'm impressed.   -_-

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With the tax reform bill passing, Pera will have more cash to keep the team if he so chooses. Most of his companies sales are overseas. Within the tax reform bill is a provision allowing for companies to bring back money made overseas at a much reduced tax rate. Don't quote me here, but I believe it was at around 35% tax and is now around a 5% tax on money repatriated.

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https://www.msn.com/en-us/sports/nba/nba-officially-supports-legalized-gambling-wants-a-cut/ar-AAv7G7W?li=BBmkt5R&ocid=spartandhp 

The value of all teams will jump again once they start doing this. There will be expansion and Vegas will get a team. Pera would be nuts to sell out now.

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6 hours ago, Father Pat said:

https://www.msn.com/en-us/sports/nba/nba-officially-supports-legalized-gambling-wants-a-cut/ar-AAv7G7W?li=BBmkt5R&ocid=spartandhp 

The value of all teams will jump again once they start doing this. There will be expansion and Vegas will get a team. Pera would be nuts to sell out now.

This is why I laugh when people in this city are still scared of losing the team. The league is on fire and expansion is the future - not relocation.

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NBA owners love the threat of relocation, and dislike the idea of splitting up the tv revenue among 32 teams instead of 30.

As long as places like Seattle and Vegas are out there as possible relocation cities, Pera and the rest of the owners have plenty of leverage for renegotiating or acquiring arena deals.

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17 hours ago, Father Pat said:

https://www.msn.com/en-us/sports/nba/nba-officially-supports-legalized-gambling-wants-a-cut/ar-AAv7G7W?li=BBmkt5R&ocid=spartandhp 

The value of all teams will jump again once they start doing this. There will be expansion and Vegas will get a team. Pera would be nuts to sell out now.

Hmmm... NBA wants 1% of all money bet, if I'm reading that correctly.  This will be an interesting negotiation.  What does Vegas generally make on each bet...maybe 3-5%?  That might be taking 20-33% of the profit.  Still, this is big, and could be like when the NBA got the new TV deal...a lot of money.

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19 hours ago, Thomas said:

This is why I laugh when people in this city are still scared of losing the team. The league is on fire and expansion is the future - not relocation.

Keep laughing, but Memphis will  lose the Grizzlies to relocation.

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8 minutes ago, scooter said:

Keep laughing, but Memphis will  lose the Grizzlies to relocation.

Not before expansion. 

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I am worried we have two more seasons left in memphis after this year.

Imo, the local owners not buying the grizz from mr heisley was the worse mistake made in the franchise history. 

 

It seems like  a decision would have happened by now.

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9 hours ago, scooter said:

Keep laughing, but Memphis will  lose the Grizzlies to relocation.

And you know this how?

You must be a wizard or a tarot reading fortune teller to have this type of insight.

 

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12 hours ago, tmoneyinmphs said:

I am worried we have two more seasons left in memphis after this year.

Imo, the local owners not buying the grizz from mr heisley was the worse mistake made in the franchise history. 

 

It seems like  a decision would have happened by now.

I hope Im wrong but I feel like Pera is setting this team up to not be good for several years in a row in order to have an excuse to leave when the penalties time frame has ended. I talk to other fans and even casual fans and women who just watch for fun can see that its time to rebuild now. So I know Pera can see it but he does nothing.

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