The Memphis Grizzlies are a household franchise in the NBA based in Memphis, Tennessee, and compete in the Western Conference Southwest Division.
Who owns the Memphis Grizzlies?
The Memphis Grizzlies is owned by Robert Pera, who is the controlling owner through the Memphis Basketball, LLC. Other minority investors include Steve Kaplan, Daniel Straus, Staley Cates, Pitt Hyde, and Justin Timberlake.
Memphis Grizzlies ownership
Robert Pera
Robert J. Pera is an American businessman and founder of Ubiquiti Networks, Inc., a global communications technology company. He became the owner of the Memphis Grizzlies in 2012.
According to figures from Forbes, Robert Pera has a net worth of around 18.95 billion.
Steve Kaplan
Stephen Kaplan is an American businessman and co-founder of Oaktree Capital Management. He is a minority owner of the Memphis Grizzlies and co-owner of the Welsh soccer club Swansea City.
Club Net Worth & Valuation
According to figures from Forbes, the Memphis Grizzlies is valued at $3 billion.
Club Ownership History
The Memphis Grizzlies were originally founded in 1995 as the Vancouver Grizzlies. It relocated to Memphis in 2001 and rebranded to the Grizzlies.
Michael Heisley was the owner of the Grizzlies from 2000 to 2012 before selling the franchise to Robert Pera.