Grizzlies sale off table?

[Jose]

Looks like the sale of the Grizzlies may not happen...

http://basketball.realgm.com/wiretap/221567/Sources_Grizzlies_Sale_To_Pera_In_Trouble

 

[Capt. Factorial]

So, to recap:

The Kings DON'T have a deal to build an arena in the railyards.
The Warriors DON'T have a deal to build a 100% privately financed arena in San Francisco.
The Grizzlies DON'T have a completed sale to Pera.

Anybody want to report that thing about the Maloofs never selling the Kings again? Wrong-Way News is on a roll...

 

[Arco Arena]

That article was fabricated to draw clicks and controversy from the gullible. The amount of stock Pera owns and its worth is public... if you check, it's still close to 1 billion.

Not to mention he cashed out a few hundred million when a VC firm purchased a large stake in the company a couple years ago.

Do the people at realgm know how to Google? Or at least know how to check ESPN?

In summary, this story is trash.

Sources: ESPN, Forbes, Nasdaq

 

[Capt. Factorial]

That article was fabricated to draw clicks and controversy from the gullible. The amount of stock Pera owns and its worth is public... if you check, it's still close to 1 billion.

Not to mention he cashed out a few hundred million when a VC firm purchased a large stake in the company a couple years ago.

Do the people at realgm know how to Google? Or at least know how to check ESPN?

In summary, this story is trash.

Sources: ESPN, Forbes, Nasdaq

The article on RealGM actually is based on an original report (link) by Mitch Lawrence of the New York Daily News.

I suppose one can make their own determination as to whether this report is true or not. We'll know in time. But I certainly don't see anything on ESPN that would confirm or deny it. Claiming the sources "Forbes" and "NASDAQ" without any further clarification isn't terribly helpful at getting to the bottom of this, either.

 

[Arco Arena]

The article on RealGM actually is based on an original report (link) by Mitch Lawrence of the New York Daily News.

I suppose one can make their own determination as to whether this report is true or not. We'll know in time. But I certainly don't see anything on ESPN that would confirm or deny it. Claiming the sources "Forbes" and "NASDAQ" without any further clarification isn't terribly helpful at getting to the bottom of this, either.

Oh surely you don’t need me to connect the dots for you.

Simply google robert pera and each source and with some minor effort you’d find all the facts to back up what I just said.

The original ESPN article mentioned Pera’s stock slump and that it dropped his value to (at the time) a little under 1 billion. His stock has slid even more since then, but it is still around 800 million. Certainly not 200 million. That’s ridiculous and draws any news source that would report this in question. His stake and its worth are public information and can be found on any financial site.