Expanding on yesterday’s news about the sale of the Pistons, Tom Walsh and Vince Ellis of the Detroit Free Press are reporting Tom Gores received an exclusive 30-day window to negotiate a deal:
The Detroit Pistons have agreed this week to designate Tom Gores, a Michigan native and billionaire CEO of the Platinum Equity Group in Los Angeles, as the preferred bidder to buy the NBA team and an affiliate, Palace Sports & Entertainment, the Free Press has learned.
Gores has an exclusive 30-day period to finalize a purchase deal, people familiar with the matter said. It could happen as early as next week.
Mike Ilitch didn’t complete a deal in his 30-day window. Let’s seen if Gores does.