Posted by Sabrina B. @gametimegirl
DETROIT — A person involved with the process says the Detroit Pistons have decided to sell the NBA team to Tigers and Red Wings owner Mike Ilitch.
The person spoke to The Associated Press on Tuesday on condition of anonymity because of a confidentiality agreement. The person says both sides are negotiating financial terms.
If the sale goes through, Ilitch would control of three of the city’s four major professional sports teams.
Ilitch, the Little Caesars pizza mogul, said in August he wanted to buy the Pistons in part to make sure another buyer doesn’t move the NBA club out of town. Forbes last year valued the team at $479 million.
Pistons owner Karen Davidson has said she was considering a sale of the team by itself or as part of a package with Palace Sports and Entertainment, which includes The Palace of Auburn Hills, DTE Energy Music Theatre and Meadow Brook Music Festival.
Her husband, Bill Davidson, died last year. The late owner was in charge when the Pistons won NBA titles in 1989, 1990 and 2004. Karen Davidson has said she expected the deal to be done by this month’s season-opening game.
-ESPN