The Detroit News: Tom Gores could own the Pistons as soon as next week

Some excellent reporting from Gregg Krupa and Vincent Goodwill of The Detroit News:

In the interim, no new potential bidders have emerged and the position of front-runner Tom Gores has solidified.

Sources close to the sale said this week Gores, the billionaire financier from Beverly Hills, Calif., who grew up in Flint and attended Michigan State, remains the leading bidder for the team and for Palace Sports & Entertainment. Moreover, he is now presumed to be the bidder who will emerge as the owner.

His position is so pre-eminent that Gores could close a deal as soon as next week, according to one source familiar with the process. Others say while that may overstate how quickly a deal can be done, the Pistons nonetheless would like to have an agreement in place to present to the NBA board of governors Feb. 18-21 in Los Angeles.

Krupa and Goodwill include the usual caveats – it wasn’t long ago Mike Ilitch buying the team appeared imminent, and Gores has never been afraid to walk away from a deal. But I don’t care. This is the most excited I’ve been about the Pistons in some time.

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