Why FedEx's Richard Smith said he believes Grizzlies will stay in Memphis [USA TODAY]
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Source: USA TODAY
Smith, the son of late FedEx founder Fred Smith , said he hired a “sports advisory firm” to determine whether Grizzlies owner Robert Pera was looking to sell the team or move from Memphis. He was told told no on both counts. "I don't think there's any truth to rumors that he wants to move the team," Smith told The Commercial Appeal. If Pera wanted to sell, Smith said he would have been interested in buying the team with his family to keep it in Memphis. Smith said he also looked into becoming a Grizzlies minority owner. "There were not many minority pieces for sale," he said. "So there really wasn't an opportunity for my family to buy in, either as a majority owner or a meaningful minority owner.” Smith serves as chief operating officer, International, and chief executive officer, Airline, at FedEx. He started at the Memphis-based logistics giant in May 2005. His jobs at the company have included serving as president and CEO of FedEx Express. Pera, 48, has served as major
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