Karen Davidson will continue to hold a minority stake in the Pistons after she sells the franchise, according to Gregg Krupa of The Detroit News. Krupa also talked to Davidson about her decision to sell the team:
When asked about an apparent discrepancy between her late husband saying the team would always remain in his family and her decision to sell, Davidson said that Bill Davidson left the decision to her.
"Legally, as sole trustee and beneficiary, it was my decision," she said of her late husband’s choice of leaving her as the only trustee of the WMD Family Trust, which, in part, owns the Pistons, the arena and the affiliated entertainment enterprises, like the DTE Energy Theater. "He very generously said I can do what I want with it.
"Bill was not a power-trip person," she said. "He was just not a man to push anything on anyone.
"He made me the sole trustee and beneficiary, but I don’t think he wanted me to be enslaved. That is not the right word, but Bill used to go every day to the practice facility for quote, end quote, a workout, which we always knew was a rubdown," she said, laughing at the memory. "But he was there a lot. And that just wasn’t going to be me.
"I could have learned the business, if I had wanted," she said. "But by the time I did, it would have disintegrated."
As for when the sale will be completed, Matt Walsh of the Detroit Free Press also talked to Davidson:
NBA commissioner David Stern “really has been pushing” to close the Pistons deal by the end of May, she said. “It might be a few days later. But definitely, that’s the goal.”