Don Erickson, Managing Director in Mercer Capital’s Dallas Office, was quoted in the article “Sources: Grizz Valued at $1B for Buy/Sell Option” in the Memphis Business Journal.
According to the article, the two top limited partners in the Memphis Grizzlies plan to approach the team owner, Robert Pera, regarding a buy/sell provision that may alter the ownership of the franchise. The limited partners currently value the franchise at a little over $1 billion, according to sources. The question of valuation is important here.
Don Erickson, a nationally recognized valuation expert in this industry, commented “Revenue growth, value growth and prestige are the three drivers for why it could be worth a billion.”
Mercer Capital is one of the leaders in sports valuation and related stadium advisory in the country and has considerable interaction and experience with management of the various leagues.
For more information, contact Don Erickson at 214.468.8400 or firstname.lastname@example.org.