Manning to join group of Memphis Grizzlies owners

peyton-manning

According to sources, NFL Quarterback Peyton Manning and his wife Ashley will soon join Justin Timberlake and Penny Hardaway as minority owners of the Memphis Grizzlies. California businessman, Robert J. Pera, has agreed to buy the Grizzlies from Michael Heisley for $350 million. The sale is expected to be approved by the league this month. Pera wants to bring in his own group of minority owners including AutoZone founder J.R. “Pit” Hyde ,  businessman Staley Cates and of course Manning, Timberlake and Hardaway.

A spokesman with Manning’s current team, the Denver Broncos, had no comment Thursday but it is said that Manning’s small ownership of a team in another league will not be a conflict with the NFL.

Source: Miami Herald

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