Michael Heisley, Date of Birth, Place of Birth, Date of Death

Michael Heisley

American businessman

Date of Birth: 13-Mar-1937

Place of Birth: Washington, D.C., District of Columbia, United States

Date of Death: 26-Apr-2014

Profession: entrepreneur

Nationality: United States

Zodiac Sign: Pisces

Michael E.
Heisley (March 13, 1937 – April 26, 2014) was an American businessman and former majority owner of the Memphis Grizzlies.
He orchestrated the move of the team from Vancouver in 2001, after promising to keep the franchise in Vancouver when he purchased it in 2000.
He agreed in 2006 to sell his 70% controlling stake in the Grizzlies to a consortium including Christian Laettner and Brian Davis, but the group missed a deadline for the purchase and Heisley found no other bidder willing to meet the team's $300M asking price.In 2012 Heisley decided to sell the Grizzlies and step aside from all of his corporate interests due to his advancing age.
The team announced on June 11, 2012, that Ubiquiti Networks founder Robert J.
Pera would be purchasing the team, but Heisley will remain on board until the sale is finalized.
The sale was finalized on October 25, 2012, and the team is now part Memphis Basketball, LLC.Heisley was also involved in multiple business ventures, such as: Heico Holding, Inc. The Heico Companies, LLC Heico Acquisitions Stony Lane Partners A computer salesman by trade, he used $150,000 from selling his home and $10 million in bank loans to acquire Conco, maker of sewer and drain equipment.
Later Heisley expanded his holdings through the purchase of several near-bankrupt Rust Belt manufacturers.
As of 2009, Heico operates 40 companies, largely in steel, construction, and equipment. He appeared several times on the Forbes rich list.