Tom Gores gets exclusive 30-day window to negotiate purchase of Pistons

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.

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