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Old 10-02-2006, 01:50 PM   #1 (permalink)
KG-MVP21
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Houston Chronicle - Christian Laettner and his former Duke teammate Brian Davis headline an investment group that has reached agreenment that has reached an agreement to buy 70 percent of the Memphis Grizzlies .

Michael Heisley announced Monday that he agreed to sell his majority share to the group.

Davis said at a news conference that the sale was worth about $360 million, and he and Laettner are putting a total of $40 million of their own money into the project.
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