Michael Heisley Quotes

I come from the operations side of the business, and I buy companies to operate them, not to flip them.

 
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  • Born: March 13, 1937
  • Died: April 26, 2014
  • Nationality: American
  • Profession: Businessman

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

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