Jason Levien, a former co-owner of the Philadelphia 76ers, has agreed to become the chief executive officer and managing partner for the new group owning the Memphis Grizzlies. Chairman Robert Pera announced Sunday night that Levien will be in charge of Memphis Basketball, LLC, which operates the Grizzlies and the FedExForum arena. Levien will oversee the NBA team while acting as the ownership group's managing partner and an alternate NBA governor. Pera said in a statement Levien shares his vision for building a "world-class team" on and off the court. Levien is a lawyer and former agent. He also was a team executive with the Sacramento Kings and was a co-owner of the 76ers until recently. He also is a general partner for Major League Soccer's DC United. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.