A report Friday morning suggests that the sale of the Detroit Pistons could be finalized next week.
Billionaire financier Tom Gores is said to be the front-runner to buy the team from owner Karen Davidson, according to the Detroit News.READ MORE: State Fears Confusion After Michigan Restaurant Wins In Dining Ban Case
Gores is a Michigan State University alum and CEO of Platinum Equity. His bid is thought to be in the $300 millions, according to the News. He wouldn’t comment when the Pistons played in Los Angeles earlier this week.READ MORE: MSU Police Find Body That Is Believed To Be Brendan Santo In Red Cedar River
Mike Ilitch, owner of the Detroit Tigers and Red Wings, had also expressed an interest in buying the team.MORE NEWS: Michigan Prisons Follows CDC, Allows COVID-Positive Staff To Work After 5 Days With Mild Symptoms
The date for a potential sale has slipped from the beginning of the season to November and now to mid-February when the NBA Board of Governors meets in Los Angeles.