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Heisley ends Grizzlies’ talks with Ellison
Posted By HOOPSWORLD On March 29, 2012 @ 5:19 pm In All,Headlines,NBA Headlines | No Comments
He’s instructed his attorney, Stan Meadows, to stop negotiating with Oracle founder Larry Ellison because of Ellison’s repeated overtures about relocating the team.
“We’re not even considering Ellison,” Heisley said. “This team cannot be moved.”
Ellison recently signed a confidentiality agreement with Heisley and began an exploratory process to buy the Grizzlies. It was at least the third time Ellison inquired about the team over the past several years.
Heisley, who is asking for $350 million, acknowledged that there is one other suitor.
“But I don’t know how if he’s serious,” Heisley said. “I think I’ll own the team for a while.”
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