SCOOP:Peyton Manning has agreed in principle to become part-owner of the Memphis Grizzlies.— Chris Vernon (@ChrisVernonShow) October 4, 2012
ESPN's Darren Rovell confirmed the report after speaking with a source close to Grizzlies incoming owner Robert Pera:
A source close to incoming Grizzlies owner Robert Pera has confirmed @chrisvernonshow report that Peyton Manning will be part owner.— darren rovell (@darrenrovell) October 4, 2012
Manning surely didn't make this decision without doing his due diligence to make sure it's going to be a profitable venture, but becoming an owner of any pro sports franchise comes with its fair share of risks.
With that in mind, let's take a look at the potential pros and cons that could arise from this development.