DeToxRox
10-05-2010, 10:31 AM
Red Wings and Tigers owner Mike Ilitch appears to be the frontrunner to purchase the Pistons.
According to a report published today by Crain’s Detroit Business, the Pistons have opened negotiations with Ilitch, and a deal is anticipated within 30 days.
Pistons owner Karen Davidson told the Free Press recently that the sale of the team is “progressing very well,” and that she expects a deal by Oct. 27.
Davidson’s husband, Bill Davidson, died last year. The late owner helped the Pistons win NBA titles in 1989, 1990 and 2004.
Palace Sports and Entertainment, the company that runs the Pistons, has acknowledged interest from multiple potential buyers, including Ilitch.
Read more: Report: Pistons tab Ilitch to buy the team | freep.com | Detroit Free Press Pistons tap Ilitch to buy the team | freep.com | Detroit Free Press (http://www.freep.com/article/20101005/SPORTS03/101005025/1051/sports03/Report-Pistons-tab-Ilitch-to-buy-the-team#ixzz11UttcvMZ)
Pretty interesting news. This should all be assure the Pistons moving back to Detroit to share a new arena with the Red Wings. Also having the Pistons back in Detroit is huge for the community because the popularity of the team has never wavered there but many people there don't have the means to travel almost an hour to Auburn Hills for a game.
Only worry to me is that he now owns three teams, but since the NHL has a hard cap and it sounds like the NBA may too eventually I guess it won't be a Huizezinga time issue. Plus Ilitch's first love is the Tigers so he'll continue to spend there.
According to a report published today by Crain’s Detroit Business, the Pistons have opened negotiations with Ilitch, and a deal is anticipated within 30 days.
Pistons owner Karen Davidson told the Free Press recently that the sale of the team is “progressing very well,” and that she expects a deal by Oct. 27.
Davidson’s husband, Bill Davidson, died last year. The late owner helped the Pistons win NBA titles in 1989, 1990 and 2004.
Palace Sports and Entertainment, the company that runs the Pistons, has acknowledged interest from multiple potential buyers, including Ilitch.
Read more: Report: Pistons tab Ilitch to buy the team | freep.com | Detroit Free Press Pistons tap Ilitch to buy the team | freep.com | Detroit Free Press (http://www.freep.com/article/20101005/SPORTS03/101005025/1051/sports03/Report-Pistons-tab-Ilitch-to-buy-the-team#ixzz11UttcvMZ)
Pretty interesting news. This should all be assure the Pistons moving back to Detroit to share a new arena with the Red Wings. Also having the Pistons back in Detroit is huge for the community because the popularity of the team has never wavered there but many people there don't have the means to travel almost an hour to Auburn Hills for a game.
Only worry to me is that he now owns three teams, but since the NHL has a hard cap and it sounds like the NBA may too eventually I guess it won't be a Huizezinga time issue. Plus Ilitch's first love is the Tigers so he'll continue to spend there.