Grizzlies Owner No Longer Taking Bids For Team - NewsChannel5.com | Nashville News, Weather & Sports

Grizzlies Owner No Longer Taking Bids For Team

(AP) MEMPHIS, Tenn. - Memphis Grizzlies owner Michael Heisley says he's taken the team off the market, but he would still sell if the right buyer came along.

Heisley, a Chicago billionaire who owns a 70 percent share, said his focus now is on "getting re-engaged" in the franchise and making decisions as if he's the owner for the long haul.

Last year, Heisley announced former national champion Duke basketball player Brian Davis as the team's owner-to-be. But Davis and former teammate Christian Laettner failed to attract enough financial backing to close the deal.

The Grizzlies made three straight playoff appearances before plummeting to an NBA-worst record this season.

Heisley told The Commercial Appeal newspaper that he hopes to remake the team and return it to the playoffs.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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