We’ve all heard the rumors about the impending sale of the Detroit Pistons. And there are growing indiciations that a sale could be completed sometime this week.It’s no secret that Mike Ilitch would like to add the Pistons to his sports powerhouse. But intital negotiations failed to produce pay dirt.
Now there are strong indications that California billionaire financier Tom Gores appears to be poised to get the deal done.
Gores is no stranger to Southeast Michigan. He grew up in Flint and attended college at Michigan State University.
Gores was courtside in L.A. when the Pistons played the Lakers last week and when asked about his plans, he declined to comment.
The Pistons are one of the most valuable teams in the NBA and the sale price is expected to be in the neighborhood of $480-million.