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Mike Ilitch

  1. 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)…

  2. 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…

  3. 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…

  4. Pistons not for sale to Middle Eastern groups

    Dec 3, 2010, 1:43 PM EDT

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

    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…

  5. Report: Mike Ilitch close to purchase of Detroit Pistons

    Oct 5, 2010, 11:25 AM EDT

    Mike Ilitch, the owner of the Detroit Red Wings and Tigers, is working on the final details to purchase the Detroit Pistons, according to the Associated Press and Crains Detroit Business Journal. Current Pistons owner Karen Davidson (who took control when her husband Bill died) had said she wanted to have the team sold by…

  6. 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…

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