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oldmanGrizz

Robert Pera

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16 hours ago, chipc3 said:

 Right now Pera is negotiating the buyout of two major minority owners. 

Chip, can you confirm this? You seem to be plugged into the info stream a little better than all of us. I would definitely rather have Pera as controlling owner than Kaplan. I'm afraid Kaplan would reinstate Jason Levien as GM. We sure don't want a return to those days. 

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Pera may be, and a new owner would almost certainly be, a business person whose main concern is not wins, or fan satisfaction, or anything except the rising value of the franchise. Which will go up a lot with an inattentive owner, and a lot plus one percent for a skilled and active owner. And it will go up by a LOT more than the difference between what we paid a player and what we should have paid him. 

So be careful what you ask for. For every Mark Cuban there is a Donald Sterling. 

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38 minutes ago, UofMark said:

Chip, can you confirm this? You seem to be plugged into the info stream a little better than all of us. I would definitely rather have Pera as controlling owner than Kaplan. I'm afraid Kaplan would reinstate Jason Levien as GM. We sure don't want a return to those days. 

Here is the original source. I believe the CA and other outlets have since confirmed. 

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5 hours ago, MemphisX said:

Average fan will be back as soon as we get a superstar or start winning again.

this. 

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there is no way a 18-19 year old will turn the grizzlies into a winner over night .

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4 hours ago, lions said:

some how the grizzlies will ----- this draft -up

They will win too much down the stretch and end up with the 8th pick in a 6-7 player draft. Our schedule is soft down the stretch and Reke is playing for a contract with J.B. coaching for a contract. Reke is too good to lose against the other cellar dwellers. CParsons will rehab and hate him for being injured or not, dude can ball when healthy. Our luck he finds his stroke and health leading to more wins.

Grizz shoulda dumped Reke for a 10 pack of hot wings and a root beer. Smh. Grizz shoulda signed J.B. so he doesn’t feel like he has to play the guys to win every night to prove himself for the next job. Winning will screw us.

Grizz management is hampered by this ownership situation. The Reke fiasco was embarrassing. Mismanagement all around with the root an unstable ownership. We fricked

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This could be the beginning of a long spiral.

shoulda traded Marc while he had value...still can after the season. Still won’t.

in the most top heavy draft since 09, we will screw up our position by winning and end up with a bit player most likely.

Aging Gasol, aging and oft injured MC, maxed CP that can’t play b-ball without pain, combined with a mediocre rookie could spell disaster for many years. Our only hope is grab a franchise level player in the top 6. That gives hope and salary relief.

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Pera's Ubiquity Networks has a class action lawsuit filed against it. 

"The complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose: (i) that the size of the Company's purported user community was drastically overstated; (ii) that the Company had exaggerated its publicly reported accounts receivable; and (iii) that as a result of the foregoing, Ubiquiti's publicly disseminated financial statements were materially false and misleading. On February 20, 2018, Ubiquiti revealed that it had received a subpoena from the SEC "requesting documents and information relating to a range of topics including metrics relating to the Ubiquiti Community, accounting practices, financial information, auditors, international trade practices, and relationships with distributors and various other third parties."

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The class action suit can be very bad or irrelevant, it's just some lawyers positioning themselves to cash in in case the SEC probe finds something. If the SEC doesn't find any irregularities through the subpoena I very much doubt whoever is filing this case will have enough evidence to win the case.

That said, where there's smoke...

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The silence is deafening. Something has to happen soon to stabilize ownership and management. We just can't go into the offseason with so much uncertainty. It's unfair to the players, market and most certainly the ticket buying fans. The term 'throw away season' has never been more true. As a lifelong Memphian and ticket buying fan since day one, I am very angry. Mike Heisley would at least tell you exactly where we stood.

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1 hour ago, UofMark said:

The silence is deafening. Something has to happen soon to stabilize ownership and management. We just can't go into the offseason with so much uncertainty. It's unfair to the players, market and most certainly the ticket buying fans. The term 'throw away season' has never been more true. As a lifelong Memphian and ticket buying fan since day one, I am very angry. Mike Heisley would at least tell you exactly where we stood.

Pera is not going to sell the Grizzlies I just don't believe that's going to be the case. 

2 billion is about right for the Grizzlies anyways. In another 3 years will be worth like 3 billion or two and a half billion. I've never seen an NBA franchise owner ever lose money buying an NBA team so

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5 hours ago, Kevin B Moses said:

Pera is not going to sell the Grizzlies I just don't believe that's going to be the case. 

He will need to pay more money than he did to buy the team in the first place. I don't see it happening.

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17 hours ago, UofMark said:

The silence is deafening. Something has to happen soon to stabilize ownership and management. We just can't go into the offseason with so much uncertainty. It's unfair to the players, market and most certainly the ticket buying fans. The term 'throw away season' has never been more true. As a lifelong Memphian and ticket buying fan since day one, I am very angry. Mike Heisley would at least tell you exactly where we stood.

 

+1000

I am echoing your sentiments exactly! 

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On 3/22/2018 at 3:20 PM, UofMark said:

The silence is deafening. Something has to happen soon to stabilize ownership and management. We just can't go into the offseason with so much uncertainty. It's unfair to the players, market and most certainly the ticket buying fans. The term 'throw away season' has never been more true. As a lifelong Memphian and ticket buying fan since day one, I am very angry. Mike Heisley would at least tell you exactly where we stood.

If coming up with $300 million was the issue, I believe we know Heisley stance. :D

These things take time especially considering the suspiciously timed attacks on Ubiquity.

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