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  • Friday, January 21, 2000

    Grizzlies Chronology

     By The Canadian Press

     Key dates in the ownership history of the NBA's Vancouver Grizzlies:

     -April 27, 1994 -- NBA board of governors awards franchise to Vancouver group headed by Arthur Griffiths for $125 million US.

     -March 7, 1995 -- Minority shareholder John McCaw Jr. of Seattle assumes controlling interest of Griffiths's Northwest Entertainment Group, which includes Grizzlies, NHL's Vancouver Canucks and GM Place arena.

     -Aug. 22, '95 -- Parent company of Grizzlies and Canucks changes name to Orca Bay Sports and Entertainment.

     -Nov. 12, 1996 -- John McCaw buys the remaining shares in Orca Bay held by Arthur Griffiths.

     -Aug. 21, 1999 -- Orca Bay, citing mounting losses, announces Grizzlies, Canucks and GM Place are up for sale.

     -Sept. 23, '99 -- Missouri billionaire Bill Laurie, owner of NHL's St. Louis Blues, strikes deal to buy Grizzlies for about $200 million US.

     -Oct. 29, '99 -- NBA tells Laurie to restructure deal for Grizzlies to make every attempt to keep team in Vancouver.

     -Jan. 20, 2000 -- Laurie announces he is abandoning deal to buy Grizzlies because he can't move the team to St. Louis.

     -Jan. 24, 2000 -- Grizzlies sold to Chicago businessman Michael Heisley Sr. for $160 million US.



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