L.A. financier Tom Gores reaches deal to buy Detroit Pistons
L.A. financier Tom Gores reaches deal to buy Detroit Pistons
According to the Detroit Free Press, Los Angeles financier Tom Gores, a Flint native & Michigan State graduate, has struck a tentative deal to buy the Pistons from primary owner Karen Davidson, a person familiar with the situation told the Free Press. The agreement is valued at $420 million, and if it goes through, the basketball team would remain at the Palace in Auburn Hills.
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