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AP Source: Timberlake joins bid to buy Grizzlies - Yahoo! Sports
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.
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.
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.