Michael E. Heisley (March 13, 1937 – April 26, 2014) was an American businessman and former majority owner of the Memphis Grizzlies.
[2] A computer salesman by trade, Heisley used $150,000 from selling his home and $10 million in bank loans to acquire Conco, maker of sewer and drain equipment.
Heisley was also involved in multiple business ventures, such as: He appeared several times on the Forbes rich list.
[4] He agreed in 2006 to sell his 70% controlling stake in the Grizzlies to a consortium including Christian Laettner and Brian Davis,[9] but the group missed a deadline for the purchase[10] and Heisley found no other bidder willing to meet the team's $300M asking price.
[13] Heisley,[6] was born in Washington, D.C., grew up in Alexandria, Virginia, and had residences in Chicago, Illinois,[14] and Jupiter Island, Florida.