Posted by Sabrina B. @gametimegirl

The Detroit Pistons have been sold to Los Angeles private-equity billionaire Tom Gores for an undisclosed sum.

“We are pleased to welcome Tom Gores as the new owner of the Detroit Pistons and Palace Sports & Entertainment,” Karen Davidson, the widow of late Pistons owner Bill Davidson, said in a statement. “Just as my late husband, Bill Davidson, was the face of the Pistons, I am confident that Tom will bring the same energy, dedication and love to this organization. I look forward to seeing Tom follow in Bill’s footsteps and carry on his legacy.”

A message was left for Gores.

“I am very proud to have this opportunity to be part of such a tremendous organization,” he said in a statement. “I know it’s been a long process, and I appreciate the patience and support of the Detroit community. I have been impressed with the Davidson family and the way it has protected and built such a storied franchise. I grew up here, I am glad to be back, and I am very excited about all the possibilities looking forward.”

WRITTEN BY Bill Shea & FULL STORY HERE