Pistons sale not likely to be done until FebruaryPosted by Inside Hoops
Gregg Krupa of the Detroit News reports:
The Pistons are unlikely to be sold until at least February, the firm handling the sale for Karen Davidson has informed potential buyers.
Citibank, which was hired by the widow of the late owner of the Pistons, Bill Davidson, to represent the franchise for the sale, informed potential buyers last week that the deal is unlikely to be completed until the NBA All-Star Game. The advisory to the potential buyers was confirmed by sources close to the deal.
Among the potential buyers are Mike, Marian and Christopher Ilitch and their company, Ilitch Holdings Co.; the Beverly Hills financier Tom Gores; and a group headed by George Postolos, a former executive of the NBA and the Houston Rockets.
A report out of the Middle East that investors from Dubai and Qatar were among the potential buyers was denied by the NBA.
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