DETROIT (WWJ) – After months of negotiations, billionaire financier and Michigan native Tom Gores has agreed to buy the Detroit Pistons from current owner Karen Davidson. The sale could be finalized by the end of June.
WWJ Newsradio 950 asked veteran Piston Ben Wallace what he thinks of the sale: “You know I think it’s great, I know how they feel about Detroit and Detroit basketball. You know I think it’s going to be the start of getting us back on the right track and becoming a contender in this league again,” says Wallace.
Gores also buys Palace Sports and Entertainment, which includes a number of properties including the Palace of Auburn Hills and DTE Energy Music Theater. The NBA Board of Governors will meet next week to consider the sale.
Many metro Detroiters WWJ talked to think Gores is just the thing the Pistons need to get back to winning.
“It had to happen, they’ve got to make changes, they got to make changes, they were handicapped by those changes,” says a Piston fan.
Many said they were happy that Tom Gores is from the area, but
Some fans are telling WWJ that it would have been nice if Tiger owner Mike Ilitch bought the team and moved them downtown.