The owner of Memphis Grizzlies Robert J Pera


Meet the owner of Memphis Grizzlies.
For the first six seasons of the Grizzlies, the franchise finished with poor records in the Midwest Division and never made it to the playoffs. The Grizzlies were owned by Orca Bay Sports and Entertainment, who also owned the Vancouver Canucks of the National Hockey League (NHL). In 1999, Bill Laurie, owner of NHL’s St. Louis Blues attempted to buy the Grizzlies with the intent to move them away from British
Columbia to St. Louis.

An interference by the NBA saw Michael Heisley become the new owner. He immediately started the process to relocate the team with seven U.S. cities as candidates for the team. At the end of the season, the settled for Memphis. On June 11, 2012 Michael Heisley had an agreement in principle to sell the Memphis Grizzlies to the current owner, Robert Pera. The official sale to Pera was approved on October 25, 2012.

An American born on March 10, 1978, he is the founder of Ubiquiti Networks, Inc. a global communication that Pera took public in 2011. He established his first computer services company while attending high school. That company provided networking and database services to local businesses. Pera also played on his high school’s basketball team until a heart condition, which has since been resolved, kept him at home for a year.

After high school, he attended the University of California, San Diego, where he graduated Phi Beta Kappa with a B.S. in Electrical Engineering and a B.A. in Japanese Language. He completed his masters in Electrical Engineering at the University of California with emphasis on Digital Communications and Circuit Design. Pera admired Steve Jobs a lot and so he secured a job at Apple Inc. after graduation, where he tested the company’s Wi-Fi devices to ensure they were in compliance to with the Federal Communications Commission’s standards for electromagnetic emission. Pera however, left Apple Inc. early 2005 after he noticed the company’s Wi-Fi devices threw signals far below the FCC’s limit. He tried to get the company to buy into his idea of boosting their power to increase their transmission range but he was ignored. He later spent a year working on building prototypes for his own low-cost, high performance Wi-Fi module.
Robert J Pera MEMPHIS GRIZZLIES basketbsall team owner

March 2005, Pera started Ubiquiti Networks with just $30,000 of personal savings and credit card debit. Ubiquiti’s early products used existing Wi-Fi technology to wirelessly deliver the Internet to underserved areas like rural areas and emerging markets. The company has since successfully branched out into other product lines such as wireless access points, security cameras and traditional networking equipments.
Despite being unable to play basketball professionally, he still loved the game. He officially became the owner of Memphs Grizzlies on October 25, 2012. Inhis first year as owner, the Grizzlies won a club record 56games and made it to its first Western Conference Finals. During the first two years, the team won more playoffs than they ever did in their previous 17 seasons in the NBA. During the first five seasons of his tenure as owner, the Grizzlies made the playoffs.
Robert J Pera earned a spot on Forbes’ list of the 10 youngest billionaires in the world at the age of 36. In 2017, he was ranked 61st on Forbes’ list of Richest in Tech and 7th on Forbe’s America’s Richest Entrepreneurs under 40 in 2016 Currently, he has a net worth of U$11 billion and is still the youngest owner of a team in NBA.

Post a Comment