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Davis-led group misses deadline to buy control of Grizz

Updated: January 15, 2007, 9:07 PM ET
Associated Press

MEMPHIS, Tenn. -- The deadline passed Monday for a potential ownership group led by two former Duke players to purchase control of the Memphis Grizzlies, and Michael Heisley, the team's majority owner, said he's open to other offers.

"I'm in the deal business. I can't tell you how many times people enter into a deal, and then are not able to perform on that deal. It's very, very common. " -- Michael Heisley, Grizzlies majority owner

The failure of Brian Davis and Christian ...

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