
Report: Illitch to Buy Pistons
I haven't found what the purchase price was, but I would guess right around $400 million. Karen Davidson was eager to sell, and with the economy, I'm sure she got under the listing price for the Pistons and Palace Entertainment ($465 on Forbes).
This could mean major restructuring for the Pistons front office and maybe a move out of the Palace. There is the rumor about a multi-sport facility being built by Comerica Park and Ford Field, for the Red Wings and Pistons. I'm excited to have 3/4 of the Detroit sport franchises owned by Ilitch, although I wish he wasn't as loyal to "his" people sometimes.