The Detroit Pistons are built around guards Reggie Jackson and Brandon Jennings, and center Andre Drummond. And maybe rookie Stanley Johnson, if he’s as good as he thinks he is. Here’s the Detroit Free Press reporting on Pistons ownership:
Detroit Pistons owner Tom Gores had a 51% stake in the team. Now he has a 100% stake.
Gores has bought the remaining 49% from his firm, Platinum Equity, according to firm partner Mark Barnhill.
Though this won’t change anything from a control standpoint – Gores, the founder, chairman and CEO of Platinum Equity, has had full control of the Pistons’ operation since becoming majority owner in 2011, Barnhill said in an email to the Free Press – this transaction gives Gores 100% of the equity, which is important for his long-term commitment to the franchise.
Gores also owns Palace Sports & Entertainment.
