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Friday, January 05, 2007

THIS explains a lot...

Now we have some insight on why Brian Davis and Blue Devil Ventures didn't have the cash to buy the Grizzlies.

According to this Washington Post article, Davis is part of a group that has purchased Washington's Major League Soccer franchise, DC United. (HT to Brad in LR). From the WaPo report:

Davis, a District native who runs a real estate development firm in Durham, N.C., said a few months ago that the group was close to finalizing a $33 million deal.

Why has NOTHING been said about this at ESPN, the CA or any other large media outlet prior to today, considering Davis and his friend Christian Laettner have humiliated themselves with their inability to raise the capital to buy the Grizz from Michael Heisley.

Did Mike Heisley know about this? Inquiring minds want to know.

1 comment:

Wintermute said...

It is my opinion, humble as always and based on no special knowledge not reported in the media, that Heisley took advantage of Memphis' basketball and major league joneses to rescue and even enhance the value of his investment.

I sense his lack of basketball judgment in certain things that have happened since the team got here. He needs to let Jerry West run the personnel side completely.

If Heisley is not motivated to pay luxury tax, well, with 30 teams, truly, no city can expect to be near the top every season.

I say let Heisley bleed until he comes down off his dream price to the point that Pitt and the others will bail him out and get rid of him.