Mike Ilitch to Buy Detroit Pistons From Karen Davidson, Report Says

by Hal Spivack

Filed under: Pistons, Sports Business and Media

The Detroit Pistons will be sold to Detroit sports icon Mike Ilitch in a deal that should be completed within the next 30 days, according to "Crain's Detroit Business".

The Ilitch family already owns the Detroit Red Wings and Detroit Tigers and is said to be very interested in building a new downtown arena that would serve as home both to the Red Wings and Pistons. The Ilitch family announced plans to buy the Pistons earlier this summer. Ilitch co-founded the pizza chain Little Caesars Enterprises Inc., with his wife Marian in 1959.

If the deal goes through, it will be only the second time the franchise has been sold. Bill Davidson bought the Pistons for $8 million in 1974 from team founder Fred Zollner, who moved the franchise to Detroit in 1957 from Fort Wayne, Ind., where it was founded. When Bill Davidson passed away in March 2009, his wife, Karen Davidson (pictured right), inherited the team.

 

Permalink | Email this | Linking Blogs | Comments

wwe wrestling news baseball reference derek jeter boxingscene samurai