Dec 3, 2010, 1:43 PM EDT
Reports came out yesterday — ones even briefly echoed on this blog — that a number of Middle Eastern investors were in talks to buy the Detroit Pistons.
But that is not the case, the NBA told Tom Ziller of SBNation. The league called it a miscommunication between NBA commissioner David Stern and a foreign reporter. The league says Stern simply said the league was open to foreign investment, not that talks about a specific team were underway.
Mike Illitch — the owner of Detroit’s Red Wings and Tigers, who made his money as the founder of Little Cesar’s Pizza — had been in exclusive negotiations to buy the team, but terms of the deal have not been finalized. Karen Davidson took over control of the team after the death of her husband, and she quickly looked to sell the team.
- Report: Chicago Bulls give Jimmy Butler max qualifying offer 17
- Report: Dwyane Wade will not opt-in with Heat, to become free agent (as expected) 25
- Report: Knicks front runner to land Arron Afflalo (and Greg Monroe, too) 27
- Report: Luol Deng surprises Miami, opts in for 2015-16 season 30
- Report: Sense around league is Kevin Love will re-sign with Cavaliers 31
- Report: As deadline nears, signs still point to Dwyane Wade opting out, becoming free agent 40
- Report: Dallas most likely team to lure DeAndre Jordan from Clippers, Chandler Parsons already recruiting 24
- Report: Lakers would still trade D’Angelo Russell for DeMarcus Cousins straight up. Kings wouldn’t. 30