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Started By
Message
Memphis Grizzlies have a new owner
Posted on 6/11/12 at 2:19 pm
Posted on 6/11/12 at 2:19 pm
LINK
quote:
The 34-year-old Northern California native is a former engineer at Apple who left the computer giant at 25 to start his own company. Today Pera owns a reported 64 percent of the Ubiquiti Networks he founded and operates the company out of Taiwan as well as San Jose. Pera speaks Chinese and Japanese and is said to play basketball four to five times per week.
quote:
Robert Pera, who at 34 has a spot on Forbes' list of the 10 youngest billionaries in the world
This post was edited on 6/11/12 at 2:25 pm
8
Posted on 6/11/12 at 2:22 pm to Marty McFrat
congrats to them. but 
at the Hawks not being able to get a deep-pocketed owner to buy from the current group of cheap idiots.
at the Hawks not being able to get a deep-pocketed owner to buy from the current group of cheap idiots.
Posted on 6/11/12 at 2:23 pm to ATLTiger
quote:
congrats to them. but at the Hawks not being able to get a deep-pocketed owner to buy from the current group of cheap idiots.
They did. The cheap idiots just fricked it up.
Posted on 6/11/12 at 2:23 pm to Marty McFrat
I wasn't even aware they were being sold.
Posted on 6/11/12 at 2:24 pm to Marty McFrat
Cannot imagine being 34 and owning a pro team. Wow.
Posted on 6/11/12 at 2:26 pm to Robot Santa
quote:
They did. The cheap idiots just fricked it up.
that dude's pockets weren't that deep from what I gathered. that was where they fricked up. I want me a Cuban type, pretty much what it looks like the Grizz just got.
Posted on 6/11/12 at 2:28 pm to Fun Bunch
he has been trying to sell them for quite a while
Posted on 6/11/12 at 2:39 pm to ATLTiger
quote:
that dude's pockets weren't that deep from what I gathered. that was where they fricked up. I want me a Cuban type, pretty much what it looks like the Grizz just got.
He wasn't OT rich, but I would take pretty much anyone over that group of idiots. I can't wait until they screw up trading Smith and either let him walk in FA or let him go for a bag of stale peanuts and an old foam #1 finger.
Posted on 6/11/12 at 2:43 pm to Robot Santa
I hope this guy is willing to spend some money. If so this will be a great move for the Grizz
Posted on 6/11/12 at 2:43 pm to Fun Bunch
quote:
Fun Bunch
he wasn't actively selling them, but it was known that they were available for the right price, which apparently Pera had
Posted on 6/11/12 at 2:57 pm to Marty McFrat
As long as he is willing to spend and unwilling to relocate, I like this.
Posted on 6/11/12 at 2:58 pm to ohiovol
quote:
As long as he is willing to spend and unwilling to relocate, I like this.
:kige:
Posted on 6/11/12 at 2:59 pm to Marty McFrat
Well thank God we have a new Mark Cuban in the league.
Posted on 6/11/12 at 3:26 pm to Fun Bunch
quote:
I wasn't even aware they were being sold.
Heisley has been looking for a buyer since day 1.
Props to Mike though, he's turned down a handful of suitors who wanted to move the team out of Memphis. His primary condition was always, keep the team in Memphis.
This post was edited on 6/11/12 at 3:54 pm
Posted on 6/11/12 at 4:36 pm to Marty McFrat
Posted on 6/11/12 at 4:48 pm to Michael J Cocks
quote:
Well thank God we have a new Mark Cuban in the league.
Posted on 6/11/12 at 5:14 pm to Marty McFrat
I'm worried about this. He lives in San Jose and theyve been wanting an nba team for awhile.
Posted on 6/11/12 at 5:39 pm to Marty McFrat
quote:
The 34-year-old Northern California native
Well we now knoe where scramento will be getting its next team when the Kings leave for seattle
Posted on 6/11/12 at 7:07 pm to big Tiger 1885
Literally all of this guy's wealth is from taking his company public, which has a current total market cap of just north of $1.0B after getting absolutely obliterated over the past month and falling from $35 to $13. The Company has only been public for about 9 months, has just okay growth and generally pretty start-up-y financials in general. Given that outstanding shares are north of 90MM and the float is under 12, suffice it to say he didn't cash out and his net worth is completely dependent on the market value of the stock which he still holds, which is roughly 50 percent of the company (eta: mind you its not like he can just dump all of his stock if he feels like it). This is not Mark Cuban, I'm not even sure if the NBA should approve this deal, this guy absolutely does not have the liquidity or financial capacity to buy and run this team much less spend money or sustain any kind of losses, which I'm sure they're producing.
This post was edited on 6/11/12 at 7:09 pm
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