Grizzlies owner says he's committed to keeping team in Memphis - WMC Action News 5 - Memphis, Tennessee

Grizzlies owner says he's committed to keeping team in Memphis

(WMC-TV) - Grizzlies owner Michael Heisley reiterated his commitment to keeping the team in Memphis Thursday.

Heisley said the possibility of a new owner with eyes for California are no longer being considered.  He added the future of the team is ultimately in the hands of fans.

Heisley acknowledged he had talks with Oracle founder Larry Ellison about purchasing the team, but Ellison's desire to move the team from Memphis to San Jose made a deal unrealistic.

In his words, Heisley said the quickest way to get your name out is to say you want to buy a sports team, but most investors back off the idea once they realize the financial implications of such a purchase.

Heisley was adamant about the fact that this team could not move from Memphis before the year 2021 because of a contractual agreement with the FedEx Forum and the city.  He insisted his intentions have always been to sell the team to a group from Memphis, which would ultimately keep the team in the Bluff City.

Heisley said season ticket sales are actually down from five years ago.  He said Memphis should worry more about supporting the team from the stands and less about a move that will likely never happen.

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