Report: Mike Ilitch to buy Pistons
DETROIT -- The Detroit Pistons have found a new owner and he knows Motor City sports.
The Pistons have decided to sell the team to Detroit Tigers and Detroit Red Wings owner Mike Ilitch, a person involved with the process said Tuesday. The person, who spoke to The Associated Press on the condition of anonymity because of a confidentiality agreement, said both sides were negotiating financial terms.
Forbes last year valued the team at $479 million, but a weak economy, the threat of ...
Read full story