Grizz for Sale?

Discussion in 'Memphis Grizzlies' started by psheehy, Mar 30, 2008.

  1. psheehy

    psheehy Beaten down by the "MAN"

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    What is the Grizzly fan take on the swindle being committed on Memphis by the majority (out-of-town) owner?

    It looks like he wants to be the Southwest Division version of Seattle's Clay Bennett.

    Do you think he can weasel out of his 16 year lease for the forum and sell the team to another city?
     
  2. Big Frame

    Big Frame Well-Known Member

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    They just built the Fed-Ex forum.
     
  3. psheehy

    psheehy Beaten down by the "MAN"

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    <div class='quotetop'>QUOTE (Big Frame @ Mar 30 2008, 01:17 PM) <{POST_SNAPBACK}></div><div class='quotemain'>They just built the Fed-Ex forum.</div>


    I know...that is the problem. With low attendance numbers the majority owner is trying to sell the team. Some believe the capital call was a purposeful attempt to push the local ownership percentage low enough to remove their right to match an out of town bid.

    The 17 year lease has the injunctive relief clause for the first 7 years. The story in the Commercial Appeal said they can move with substantial penalties...$105.4 Million next year and sliding lower each year.
     

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