Overview
- Torre recounted on The Dan Le Batard Show that Pera bristled when a woman said Justin Timberlake owned the team and responded by threatening to purchase the minority stakes.
- Timberlake has been a minority owner since 2012, the year Pera acquired the Grizzlies at a reported $377 million valuation.
- Pera retained control in 2017 by matching a higher bid after minority partners triggered a buy-sell clause, as previously reported by ESPN.
- Forbes now estimates Pera’s wealth at roughly $26.5 billion; he is founder-CEO of Ubiquiti, which reported about $2.6 billion in fiscal 2025 revenue and is largely owned by him.
- This season the Grizzlies are struggling around 18–26 with significant injuries, including Ja Morant expected to miss about three weeks.