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An inside look at the Detroit Pistons and the NBA.

Monday, January 18, 2010

Pistons not for sale, yet

The Detroit Pistons are not for sale, a team spokesman confirmed Monday. But that doesn’t mean the Pistons will not be for sale in the near future.

The big question is whether or not Karen Davidson, who controls the franchise after the death of her husband Bill last year, wants to continue owning the team.

It has been reported Davidson has been in contact with NBA commissioner David Stern about the protocol for selling the team.

Davidson might even explore selling Palace Sports and Entertainment, which runs the Pistons, The Palace of Auburn Hills, DTE Energy Music Theatre and Meadow Brook Music Festival.

Palace Sports and Entertainment Tom Wilson declined to comment on the situation Monday or the reports that the Red Wings could be moving temporarily to The Palace as soon as next season.

The Red Wings could be seeking an alternate home, while they wait for a new arena to be built. The Red Wings have yet to renew their lease with Joe Louis Arena.

Forbes estimates the Pistons’ value at $479 million. Selling the Piston in the current economic time could prove difficult. Ticket sales for the Pistons have been down in part to the economy and the team struggling this season.


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