Sports Authority OKs $1M payment for Grizzlies, lessening taxpayer burden
The $1 million payment is part of annual reimbursement to the franchise to cover shortfalls in ticket sales, season tickets or suites. (Mark Weber/The Daily Memphian file)
Sports Authority will also likely issue new debt for FedExForum renovations as well as be involved with providing financing options for Simmons Bank Liberty Stadium improvements.
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Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. He began his journalism career at the Tulsa World in Tulsa, Oklahoma, where he covered business and, later, K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Memphis Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on Elon Musk’s xAI, regional energy needs and how Memphis and Shelby County government spend taxpayer dollars.
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