One insider familiar with pro sports franchise sales, who spoke on the condition of anonymity, was flabbergasted at what Gores paid to assume majority ownership from Karen Davidson.
"That is a shocking price," he said. "If he got the team and the real estate (for $325 million), are you kidding me? They ripped her face off."
Shea also sheds light on how some of the minority owners participated in the deal:
Additionally, Ethan Davidson, son of late Pistons owner William Davidson from a previous marriage, said he sold his minority stake to Gores but is in talks with him to buy back a share.
"For me, things pretty much stay the same," he said.
Karen Davidson owned 76 percent of the Pistons and will maintain a single-digit equity stake. The remaining 24 percent was split among several people, who agreed to sell their shares when she sold the majority.