nba en Auburn Hills hurting financially by idled Detroit Pistons <p>Many fans of professional basketball are disappointed that <a href="">the ongoing contract dispute </a>between players and owners may end up canceling this year&rsquo;s NBA season. But in Auburn Hills, the home of the Detroit Pistons, disappointment is turning into desperation.&nbsp;&nbsp;</p><p>Many businesses in Auburn Hills rely on the 41 games the Pistons play at the Palace each season. Pete Auger&nbsp;is the Auburn Hills city manager. He says the local economy supported by the games is more than just the thousand people who work at the Palace.&nbsp;</p><p><em>&ldquo;You also have restaurants and bars that thrive off of those dates that you get 20-22,000 people coming to one location. All those locations are reporting to us their business is down 40 to 60 percent,&quot; </em>says Auger.&nbsp;&nbsp;</p><p>Auger says the city is also missing the exposure that comes from having a pro-sports team identified with the community. That lack of exposure may continue for a while. NBA players this week <a href="">rejected the owners&rsquo; latest offer</a> and that may result in the entire season being canceled. Tue, 15 Nov 2011 19:14:17 +0000 Steve Carmody 5001 at Auburn Hills hurting financially by idled Detroit Pistons 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 Detroit Pistons sold Report: Sale of Detroit Pistons to be completed next month <p><a href=""></a> is reporting that the final deal to sell the <a href="">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="">Bill Davidson</a>. There&nbsp;have been many suitors, but it appears the winner is&nbsp;billionaire <a href="">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="">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 Report: Sale of Detroit Pistons to be completed next month The Abu Dhabi Pistons? Middle Eastern investors are eying Detroit's NBA team <p>There's been a lot of talk about who might buy the Detroit Pistons.&nbsp;&nbsp; Several people with close ties to Detroit have been said to be considering paying as much as a half billion dollars for the NBA franchise.&nbsp;&nbsp; But there's word now that Middle Eastern investors may be in the mix.</p><p>Here's the story from The National of Abu Dhabi:</p><blockquote><p>Investment groups in Abu Dhabi, Dubai and Qatar are in separate discussions to buy the Detroit Pistons basketball team, which has been valued at close to US$500 million (Dh1.83 billion).</p> Thu, 02 Dec 2010 20:43:50 +0000 443 at The Abu Dhabi Pistons? Middle Eastern investors are eying Detroit's NBA team