On January 25, 2001, it was announced that the Grizzlies would be sold by Orca Bay Sports & Entertainment to Michael Heisley, who originally intended to keep the team in Vancouver. However, the team moved, in part due to the weak Canadian dollar, lack of local ownership, and the unwillingness of some players to live in Canada.
On January 25, 2001, it was announced that the Grizzlies would be sold by Orca Bay Sports & Entertainment to Michael Heisley, who initially intended to keep the team in Vancouver. However, the team relocated, partly due to the weak Canadian dollar, lack of local ownership, and the reluctance of some players to reside in Canada.