Peyton Manning & Penny Hardaway to become minority owners in the Memphis Grizzlies

So, the new thing must be to link up with other celebs and athletes to buy into a sports franchise. I’m with that. If you have the funds and it’s an established one, the perks and return on your investment generally could be pretty cool. Next up to jump into the fray, Broncos QB Peyton Manning and former NBA star Penny Hardaway. The two are allegedly joining an investment group that already lists Pop star, Justin Timberlake for a minority interest in the Memphis Grizzlies.

Robert Pera, a young tech billionaire is the principal seeking ownership.

The Grizzlies have a nice young squad and have made an impact in the playoffs the past two seasons.Penny and Justin both have Memphis roots plus several local area businessmen are also involved so the team will stay in Memphis.

source