Tom Gores buys Pistons for $420 million
By Dan Feldman
UPDATE: Gregg Krupa of The Detroit News reports Tom Gores has not bought the Pistons.
Tom Walsh of the Detroit Free Press:
"Los Angeles financier Tom Gores has struck a tentative deal to buy the Detroit Pistons from primary owner Karen Davidson, a person familiar with the situation told the Free Press.The sale, which must be approved by the NBA, may be announced Friday.The agreement, valued at $420 million, was reached this evening, after several days of intense bargaining over details."