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Karen Davidson

  1. Pistons GM Dumars has “sense of freedom” with new owner

    Jun 29, 2011, 10:11 AM EDT

    Detroit Pistons Introduce John Kuester

    It became clear within the last year (maybe before that really, but let’s not go there now) that it was time to break up the Detroit Pistons and start to rebuild. The roster that at one point was an Eastern Conference Finals fixture had been caught by father time. But general manager Joe Dumars’ hands…

  2. Pistons officially sold to Tom Gores

    Apr 8, 2011, 2:21 PM EDT

    tom-gores

    Tom Gores, who grew up in Michigan and is the billionaire founder of an equity firm, has reached a deal to purchase the Detroit Pistons. Gores has been in negotiations to buy the team for months, and now Bernie Smilovitz at the Detroit NBC news affiliate broke the story and the Pistons have confirmed the…

  3. Pistons sale negotiations stall out, leaving team in limbo

    Apr 1, 2011, 8:30 AM EDT

    Image (1) pistons_logo-thumb-250x208-11727.png for post 6294

    This has happened twice now. First the representatives of Pistons owner Karen Davidson — who has tried to sell the team for the past 15 months after the passing of her husband Bill — entered into exclusive negotiations with Mike Ilitch to sell the team. But after he got a closer look at the books…

  4. Gores has 30-day window to purchase Pistons

    Jan 8, 2011, 6:58 PM EDT

    Image (1) pistons_logo-thumb-250x208-11727.png for post 6294

    We told you yesterday Michigan native and billionaire Tom Gores was now the front runner to purchase the Detroit Pistons. The Associated Press is now reporting he has a 30-day exclusive window to purchase the team. If a deal is worked out, it could be presented to the Board of Governors (the other NBA owners)…

  5. Pistons sale could be complete next week

    Jan 7, 2011, 10:16 AM EDT

    Detroit Pistons v New Orleans Hornets

    Tom Gores, a Michigan native worth an estimated $2.2 billion, will complete his purchase of the Detroit Pistons as soon as next week, the Detroit News reports. It may well take longer to complete the deal, but the goal is to have the sale done in time to present it to the NBA Board of…

  6. Pistons sale hits rocks when real revenue numbers get seen

    Dec 16, 2010, 9:48 AM EDT

    Image (1) pistons_logo-thumb-250x208-11727.png for post 6294

    Karen Davidson inherited the Detroit Pistons when her husband Bill passed away last year. The Pistons were his passion, not hers, she didn’t want to run a team. So she hired Citi Private Bank Sports Advisory to help her sell the Pistons and the Palace. They found a buyer in Michael Ilitch — who already…

  7. Michigan Native Gores appears frontrunner to buy Pistons

    Aug 20, 2010, 10:56 AM EDT

    You know that Tom Gores has money — he was seen near courtside for Game 7 between the Lakers and Celtics, and they were not giving those tickets away. Gores now appears to be the frontrunner to buy the Pistons, according to the Detroit News. Gores was raised in Flint, went to Michigan State, used…

  8. Pistons about to sell for less than Warriors

    Aug 16, 2010, 11:30 AM EDT

    Last December, Forbes estimated the value of the Golden State Warriors at $315 million, yet when the team hit the open market, it sold for a record $450 million (although that deal has yet to be finalized). So with the Detroit Pistons valued at $479 million, they should sell for… Nope. They are not going…

  9. Two more candidates emerge to purchase Detroit Pistons

    Aug 13, 2010, 12:08 PM EDT

    Michael Ilitch’s planned monopoly on the Detroit sports scene has a little competition. Two new candidates have emerged as suitors for the Detroit Pistons, according to the Detroit News. One is George Postolos, who recently headed a group that came in second to the Michael Jordan group in buying the Charlotte Bobcats. You want credentials,…

  10. Michael Ilitch wants own all of Detroit sports, including he Pistons

    Aug 9, 2010, 12:43 PM EDT

    Michael Ilitch owns the Detroit Red Wings. He owns the Detroit Tigers. And he wants to own the Detroit Pistons – and move their home base back into the city. He is already building a stadium that the Red Wings will call home (Joe Louis arena has history but old) and he wants the Pistons…

  11. Pistons may sell for well below market value

    Aug 3, 2010, 11:16 AM EDT

    Location, location, location. Oh, and timing. Golden State just sold for well above its value as estimated by Forbes, in part because the San Francisco Bay Area is one of the wealthiest areas of the nation. The Detroit Pistons are estimated to be worth $479 million and have turned more than $40 million in profit…

  12. Detroit Pistons are officially for sale, but who wants them?

    May 20, 2010, 11:19 AM EDT

    Ever since Bill Davidson passed away, it was assumed that his widow Karen would sell the Detroit Pistons and Palace Sports and Entertainment, the company that runs the team its arena The Palace in Auburn Hills. She said before she was exploring it, but she told the Detroit Free Press that the team is now…

  13. What is going on in Detroit?

    May 18, 2010, 9:42 AM EDT

    The Detroit Pistons were a franchise that knew what it was. Family owned and civic minded. Loyal. Putting together hard-nosed defensive teams where the sum was greater than the individual parts. This season that fell apart on the court. However, Detroit News columnist Terry Foster suggests that may be just the visible manifestation of larger…

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