NBA

Report: Timberlake to buy NBA team

Share This Story

   
 

MEMPHIS, Tenn. (AP)

Award-winning singer and actor Justin Timberlake has agreed to be part of the ownership group assembled by billionaire Robert Pera in his attempt to buy the Memphis Grizzlies, said a person familiar with the situation.

celebrities at nba games

FAN-TASTIC

Celebrities at playoff games like to see and be seen.

The person said Friday that Pera ''has assembled a strong ownership group that includes Justin Timberlake, other community leaders from Memphis, and highly strategic national partners.'' The person spoke to The Associated Press on condition of anonymity because the NBA has yet to approve the final purchase of the team.

Pera agreed in June to buy the Grizzlies from Michael Heisley for reportedly about $350 million.

Pera is a former Apple engineer who left in 2005 to start Ubiquiti Networks, a San Jose, Calif.-based communications technology company that makes WiFi networking equipment. He became a billionaire in October 2011 when his company went public with a fortune estimated at $1.5 billion in March.

Timberlake, 31, grew up near Millington, a suburb of Memphis. In the past few years, he helped renovate a golf course northeast of Memphis.

The Grizzlies franchise has been in Memphis for 11 years, since moving from Vancouver. Fans have shown concern over whether a new owner would move the team away from Memphis, where interest in the franchise has grown after two consecutive playoff appearances.

kim

WAG-tastic!

Check out the lovely ladies of the NBA's all-WAGs team.

But, in an e-mail, the person told the AP that Pera ''is committed to `doing right by Memphis' and this group reflects that commitment.''

Timberlake, who was part of the boy-band `N Sync before embarking on a solo music career, has won six Grammys.

A four-time Emmy winner, Timberlake has acted in several films - including ''Alpha Dog,'' ''The Social Network,'' and ''Friends With Benefits.'' He also has made memorable performances on ''Saturday Night Live.''

One thing is certain: If the Pera ownership bid is approved, Timberlake will add more star power to the team than any Grizzlies player, coach or owner ever has.

Tagged: Grizzlies

Related Stories

Member Comments

Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.

powered by


NBA Videos

NBA considering mid-season Vegas tournament? Posted: Jul 16, 2014
Adam Silver confirms the NBA has engaged in early conversations about the possib...

LeBron and Blatt 'will work together beautifully' Posted: Jul 14, 2014
Cavaliers head coach David Blatt on LeBron James' decision to return to Clevelan...

LeBron's back and so are the Cavs Posted: Jul 11, 2014
FOX Sports 1's Gary Payton weighs-in on LeBron's decision to return to Cleveland...

Fox Sports Store

    itemName itemURL imageSrc price itemDescription
    adidas Blake Griffin Los Angeles Clippers Revolution 30 Performance Jersey - Red http://shop.foxsports.com/FOX_Los_Angeles_Clippers/browse/featuredproduct/491845/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_491000/ff_491845_xl.jpg&w=100 59.95 adidas Blake Griffin Los Angeles Clippers Revolution 30 Performance Jersey - Red
    adidas LeBron James Miami Heat Revolution 30 Swingman Performance Jersey-Black http://shop.foxsports.com/FOX_Miami_Heat/browse/featuredproduct/498609/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_498000/ff_498609_xl.jpg&w=100 89.95 adidas LeBron James Miami Heat Revolution 30 Swingman Performance Jersey-Black
    adidas Carmelo Anthony New York Knicks Revolution 30 Swingman Performance Jersey - Royal Blue http://shop.foxsports.com/FOX_New_York_Knicks/browse/featuredproduct/620470/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_620000/ff_620470_xl.jpg&w=100 49.99 adidas Carmelo Anthony New York Knicks Revolution 30 Swingman Performance Jersey..
    Mitchell & Ness San Antonio Spurs Black Solid Script Snapback Adjustable Hat http://shop.foxsports.com/FOX_San_Antonio_Spurs/browse/featuredproduct/692239/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_692000/ff_692239_xl.jpg&w=100 25.95 Mitchell & Ness San Antonio Spurs Black Solid Script Snapback Adjustable Hat
    Majestic Kobe Bryant Los Angeles Lakers Logo Man T-Shirt - Black http://shop.foxsports.com/FOX_Los_Angeles_Lakers/browse/featuredproduct/851828/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_851000/ff_851828_xl.jpg&w=100 23.95 Majestic Kobe Bryant Los Angeles Lakers Logo Man T-Shirt - Black
    Majestic Kevin Durant Oklahoma City Thunder Logo Man T-Shirt - White http://shop.foxsports.com/FOX_Oklahoma_City_Thunder/browse/featuredproduct/851842/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_851000/ff_851842_xl.jpg&w=100 23.95 Majestic Kevin Durant Oklahoma City Thunder Logo Man T-Shirt - White
    adidas Miami Heat 2012 NBA Eastern Conference Champions Locker Room T-Shirt - White http://shop.foxsports.com/FOX_Miami_Heat/browse/featuredproduct/890174/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_890000/ff_890174_xl.jpg&w=100 21.95 adidas Miami Heat 2012 NBA Eastern Conference Champions Locker Room T-Shirt - Wh..
    adidas Oklahoma City Thunder 2012 NBA Western Conference Champions Locker Room Flex Hat - Black http://shop.foxsports.com/FOX_Oklahoma_City_Thunder/browse/featuredproduct/890384/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_890000/ff_890384_xl.jpg&w=100 19.99 adidas Oklahoma City Thunder 2012 NBA Western Conference Champions Locker Room F..