nba http://michiganradio.org en Auburn Hills hurting financially by idled Detroit Pistons http://michiganradio.org/post/auburn-hills-hurting-financially-idled-detroit-pistons <p>Many fans of professional basketball are disappointed that <a href="http://www.npr.org/2011/11/15/142336168/hopes-dim-for-nba-season-players-reject-offer">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="http://www.npr.org/blogs/thetwo-way/2011/11/14/142308555/nba-players-reject-owners-offer-season-in-jeopardy">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 http://michiganradio.org Auburn Hills hurting financially by idled Detroit Pistons 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 The Abu Dhabi Pistons? Middle Eastern investors are eying Detroit's NBA team http://michiganradio.org/post/abu-dhabi-pistons-middle-eastern-investors-are-eying-detroits-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 http://michiganradio.org The Abu Dhabi Pistons? Middle Eastern investors are eying Detroit's NBA team