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From Wikipedia, the free encyclopedia

Michael E. Heisley is an American businessman who is the majority owner of the Memphis Grizzlies.[1] He orchestrated the move of the team from Vancouver in 2001,[2][3] after promising to keep the franchise in Vancouver when he purchased it in 2000.[4] He agreed in 2006 to sell his 70% controlling stake in the Grizzlies to a consortium including Christian Laettner and Brian Davis,[5] but the group missed a deadline for the purchase[6] and Heisley found no other bidder willing to meet the team's $300M asking price.[7]

Personal life

Heisley, a computer salesman by background,[8] was born in Washington, D.C., grew up in Alexandria, Virginia, and has residences in Chicago, Illinois,[9] and Jupiter Island, Florida.[10] He ia a graduate of Georgetown University,[10] and is married with five children.[10] He has appeared several times on the Forbes rich list.[8]

Heisley is also involved in multiple business ventures, such as:

  • Heico Holding, Inc.[10]
  • The Heico Companies, LLC [4]
  • Heico Acquisitions [11]
  • Stony Lane Partners [10]

He is involved with the Heisley Family Foundation.[12]

References

  1. ^ Cacciola, Scott (1 February 2010). "Grizzlies owner Michael Heisley's moves have been bold, mostly for the best". http://www.commercialappeal.com/news/2010/feb/01/heisley-makes-the-grade-t/. 
  2. ^ "NBA roundup: Grizzlies told they can move". New York Times. 13 February 2001. http://www.nytimes.com/2001/02/13/sports/nba-roundup-grizzlies-told-they-can-move.html. 
  3. ^ Shaikin, Bill (27 March 2001). "Grizzlies are taking Memphis expressway". LA Times. http://pqasb.pqarchiver.com/latimes/access/70086519.html?dids=70086519:70086519&FMT=ABS&FMTS=ABS:FT&type=current&date=Mar+27%2C+2001&author=BILL+SHAIKIN&pub=Los+Angeles+Times&desc=Grizzlies+Are+Taking+Memphis+Expressway%3B+Pro+basketball%3A+If+NBA+approves%2C+FedEx+Corp.+will+play+major+role+and+might+rename+the+team.&pqatl=google. 
  4. ^ a b Shapiro, Mark (25 January 2010). "CHICAGOAN BUYS GRIZZLIES, SAYS THEY'LL STAY IN VANCOUVER". Chicago Tribune. http://pqasb.pqarchiver.com/chicagotribune/access/48278199.html?dids=48278199:48278199&FMT=ABS&FMTS=ABS:FT&type=current&date=Jan+25%2C+2000&author=Compiled+by+Mark+Shapiro&pub=Chicago+Tribune&desc=CHICAGOAN+BUYS+GRIZZLIES%2C+SAYS+THEY%27LL+STAY+IN+VANCOUVER&pqatl=google. 
  5. ^ Olson, Parmy (3 October 2006). "Billionaire sells Memphis Grizzlies for $360M". Forbes. http://www.forbes.com/2006/10/03/grizzlies-billionaire-basketball-face-cx_po_1003autofacescan01.html. 
  6. ^ "Davis-led group misses deadline to buy control of Grizz". Associated Press. 15 January 2007. http://sports.espn.go.com/nba/news/story?id=2732342. 
  7. ^ Van Riper, Tom (28 December 2009). "Memphis Blues". Forbes. http://www.forbes.com/forbes/2009/1228/companies-nba-basketball-heisley-memphis-blues.html. 
  8. ^ a b "Michael Heisley". Forbes. 2003. http://www.forbes.com/finance/lists/54/2003/LIR.jhtml?passListId=54&passYear=2003&passListType=Person&uniqueId=93KG&datatype=Person. 
  9. ^ "HARD WORK HAS PAID FOR GRIZZLIES OWNER VANCOUVER UPSET BY HIS BROKEN PROMISES". Charlotte Observer. 28 March 2001. http://nl.newsbank.com/nl-search/we/Archives?p_product=CO&s_site=charlotte&p_multi=CO&p_theme=realcities&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EB6D2D2CE469719&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. 
  10. ^ a b c d e "Michael Heisley". Forbes. 2009. http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Michael-Heisley-Sr_93KG.html. 
  11. ^ Melcher, Richard A (7 March 1994). "Care and feeding at Nutri/System". Business Week. http://www.businessweek.com/archives/1994/b336161.arc.htm. 
  12. ^ Ruane, Michael E (24 September 2004). "Heisley Foundation Gives $2.5 million to Vietnam Veterans Memorial Fund". Washington Post. http://www.washingtonpost.com/wp-dyn/content/article/2009/09/24/AR2009092403856.html. 
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