Chris Vernon, who hosts an ESPN Radio show in Memphis, tweeted on Thursday morning that the Denver Broncos quarterback has agreed to become a part-owner of the Memphis Grizzlies.
SCOOP:Peyton Manning has agreed in principle to become part-owner of the Memphis Grizzlies.
— Chris Vernon (@ChrisVernonShow) October 4, 2012
Manning isn't the first celebrity to reportedly become part of the Grizzlies' ownership group. Justin Timberlake has already reportedly signed on for a "meaningful stake" in the Grizz.
Vernon also reported that former NBA guard Anfernee "Penny" Hardaway is also part of the local ownership group.