Ubiquiti Founder/CEO keeping Grizz ownership

Looks like he’ll need to figure out how he wants to finance in the neighborhood of $280-300M to buy out Kaplan’s and Strauss’s respective 14% share each…maybe only about $200M since he sold over a million shares of Ubiquiti back in August at about $60/share as part of his preparation for this buy/sell clause coming due. I imagine he has multiple options besides selling more shares to finance the balance of what he’ll owe Kaplan and Strauss.

From the sounds of things, I expect the other minority owners will be retaining their stakes (including Justin Timberlake, Peyton Manning, and others).

https://www.commercialappeal.com/story/sports/nba/grizzlies/…

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