Top 15 Quotes & Sayings by Michael Heisley

Explore popular quotes and sayings by an American businessman Michael Heisley.

Last updated on November 23, 2024.

Michael E. Heisley 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.

American - Businessman | March 13, 1937 - April 26, 2014

Source: Wikipedia

I tremendously enjoy getting involved in a troubled situation and straightening it out... My interest would be if there was a situation that came up, and I thought I could do something with and the price was right, I would be interested.

Michael Heisley

I made my money turning around distressed or bankrupt companies. I did 50-some of them in my career... I started on a shoestring and eventually built up quite a fortune.

Michael Heisley

I have spent my career making a difference with underperforming assets.

Michael Heisley

How much you accumulate is a byproduct of what you enjoy doing in life. And I enjoy buying companies.

Michael Heisley

I've made it clear for some time if somebody came up with the right offer, I'd consider selling the team. It wasn't a secret in Memphis or, really, around the country.

Michael Heisley

There's very little substitute in the business world for making money.

Michael Heisley

If you look at my business record, I basically love to do turn-arounds. That's where I made all of my money.

Michael Heisley

I hope to continue acquiring companies, not so much for the accumulation of wealth but because it's what I do well, and you always like to do what you do well.

Michael Heisley

I was considered one of RCA's brightest young people. Then one day, I found out we'd been sold. They didn't even consult me.

Michael Heisley

The handwriting is on the wall: if you want to have your franchises viable, then you can't have a situation where New York and Chicago and Los Angeles are doing very, very well, and some other teams are, but, I would say, a significant percentage of the teams in our league are struggling financially.

Michael Heisley

Pau Gasol is extremely popular in Spain. I don't know how much he sells, but I get nothing in Spain. The money goes to the league, and they use it for whatever they choose to use it for to run the league.

Michael Heisley

I've never seen the Collective Bargaining Agreement.

Michael Heisley

I love Memphis. They've been good to me, the town and everything else. And quite frankly, I love the NBA and love being involved in it.

Michael Heisley

I come from the operations side of the business, and I buy companies to operate them, not to flip them.

Michael Heisley

I love doing deals and operating companies.

Michael Heisley