davidson http://michiganradio.org en Detroit Pistons sold http://michiganradio.org/post/detroit-pistons-sold <p><span style="display: none">&nbsp;</span></p><p>The Associated Press reports a Los Angeles financier is the new owner of the NBA&#39;s Detroit Pistons.&nbsp;</p> Fri, 08 Apr 2011 18:43:36 +0000 Steve Carmody 1990 at http://michiganradio.org Detroit Pistons sold Report: Sale of Detroit Pistons to be completed next month http://michiganradio.org/post/report-sale-detroit-pistons-be-completed-next-month <p><a href="http://www.cbssports.com/nba/story/14875021/postups-nbpa-looks-to-learn-from-nflpas-decertification-tacticsdumars">CBSSports.com</a> is reporting that the final deal to sell the <a href="http://www.nba.com/pistons/">Detroit Pistons</a> will be completed by the&nbsp;middle of April.&nbsp; The NBA franchise has been on the block since the death of longtime owner <a href="http://en.wikipedia.org/wiki/William_Davidson">Bill Davidson</a>. There&nbsp;have been many suitors, but it appears the winner is&nbsp;billionaire <a href="http://en.wikipedia.org/wiki/Tom_Gores">Tom Gores</a>.&nbsp;&nbsp;</p><p>CBSSports senior writer Ken Berger says&nbsp;the sale could be made official in a few weeks.&nbsp;</p><blockquote><p>Word in league circles is that negotiations to sell the <a href="/nba/teams/page/DET/detroit-pistons"><font color="#3b5998">Pistons</font></a> to billionaire Tom Gores are far enough along to expect the matter to come to a vote by the Board of Governors April 14-15 in New York. League approval will be a welcome development for the organization, whose basketball operations department was paralyzed by the proposed sale. The Pistons are one of a handful of teams not to complete a single roster transaction this season.&nbsp;</p></blockquote><p>One stumbling block that has slowed&nbsp;the sale of the Pistons is the question &#39;How much is the franchise actually worth?&#39; <a href="http://www.forbes.com/lists/2010/32/basketball-valuations-11_Detroit-Pistons_320844.html">Forbes</a> recently reported the value of the franchise has dropped about 25%. Wed, 30 Mar 2011 14:57:11 +0000 Steve Carmody 1847 at http://michiganradio.org Report: Sale of Detroit Pistons to be completed next month