Tom Gores buys Pistons for $420 million
UPDATE: Gregg Krupa of The Detroit News reports Tom Gores has not bought the Pistons.
Tom Walsh of the Detroit Free Press:
Los Angeles financier Tom Gores has struck a tentative deal to buy the Detroit Pistons from primary owner Karen Davidson, a person familiar with the situation told the Free Press.
The sale, which must be approved by the NBA, may be announced Friday.
The agreement, valued at $420 million, was reached this evening, after several days of intense bargaining over details.
Posted in Notes • 6 Comments
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Feb 10, 2011 • 10:26 pm
by Terrico
glad they reached an agreement but why does the title say $460 when the article says $420?
Feb 10, 2011 • 10:38 pm
by Dan Feldman
Terrico, thanks. Fixed.
Feb 10, 2011 • 10:49 pm
by Travis
So we can start making some trades now? Or will Gore be stingy?
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Feb 10, 2011 • 10:51 pm
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Feb 11, 2011 • 12:24 am
by Jacob
I think this is fantastic news
Feb 11, 2011 • 9:15 am
by Jason
I almost s#$% myself when I first read this last night.. Sure hope it all goes through, I really don’t care who is buying at this point – I just want to deal to be over with. Hopefully, this is almost over..