Michael Heisley remains confident that the his $350 million sale of the Memphis Grizzlies to Robert Pera will go through.
A deal was announced three months ago, but will not close this month.
"I don't think it's dragging on," said Heisley, who accepted a $10 million deposit from Pera on June 11. "Putting together the financing involving hundreds of millions of dollars is always a complex process. The banking industry is a lot more cautious and it takes a little longer than it did in the past. But I have no reason to believe that it won't go forward."
Pera is working to satisfy the terms of the contract and then must gain approval from the NBA Board of Governors.