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Detroit Pistons up for sale?

Like many institutions in the Motor City, the Detroit Pistons NBA franchise has seen it's better days. The Pistons are currently 26-54 last in the Central Division. Now The Detroit Free Press reports that the team may be up for sale.
The Pistons have reportedly hired Citigroup to determine the value of the franchise, the Free Press reports. The team has been owned by Karen Davidson since the death of her husband, Bill last year.

“You always want a real engaged, enthusiastic owner,” she (Davidson) said at halftime of the Pistons-Celtics game at the Palace on Jan. 20. “I think that’s just the primary concern. We’re looking into the possibility of inquiring about selling it, but there’s nothing definite.
According to the Free Press, Forbes assessed the teams value at around $479 million dollars.

(via Detroit Free Press)


Syndicated from Shirts With Random Triangles
Like many institutions in the Motor City, the Detroit Pistons NBA franchise has seen it's better days. The Pistons are currently 26-54 last in the Central Division. Now The Detroit Free Press reports that the team may be up for sale.
The Pistons have reportedly hired Citigroup to determine the value of the franchise, the Free Press reports. The team has been owned by Karen Davidson since the death of her husband, Bill last year.

“You always want a real engaged, enthusiastic owner,” she (Davidson) said at halftime of the Pistons-Celtics game at the Palace on Jan. 20. “I think that’s just the primary concern. We’re looking into the possibility of inquiring about selling it, but there’s nothing definite.
According to the Free Press, Forbes assessed the teams value at around $479 million dollars.

(via Detroit Free Press)



Posted originally: 2010-04-12 15:16:00