According to Marc Stein of ESPN, Justin Timberlake and Robert Pera (prospective owner of the Memphis Grizzles) have struck up a new relationship and now Timberlake plans to invest in the Grizzlies.
“Sources told ESPN.com that Timberlake and Pera have quickly struck up a friendship, with one source adding that the singer/actor is making “a meaningful investment into the team” and “plans to be active” with the Grizzlies. The league office, sources said, has been made aware of Timberlake’s proposed involvement and is already well acquainted with him after inviting the self-proclaimed basketball junkie to participate in various celebrity games at All-Star Weekend.”
Fellow artist, Jay Z, is already a minority owner with the Brooklyn Nets and his presence alone has resurrected an unpopular franchise to popularity again. Therefore, this could be a sign of things to come, where majority owners bring in high-profile celebrities as minority owners for more press and ticket sales.