Pistons, investor in exclusive talks

Updated: February 13, 2011, 5:30 PM ET
ESPN.com news services

AUBURN HILLS, Mich. -- The owner of the Detroit Pistons on Friday confirmed she is in negotiations with a California billionaire interested in buying the struggling NBA franchise.

Michael Layne, a spokesman for owner Karen Davidson, confirmed the two-week "exclusivity" window and that the owner was working with investor Tom Gores.

"The parties are continuing to work in a cooperative manner," Layne said.

It was a rare public statement from Davidson, who has stayed mostly silent ...

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