Wednesday, June 02, 2010

Pistons seek Help In Selling Team

I think it is safe to say that most fans, and current management would welcome new ownership as soon as possible. While Old Man Davidson was a huge basketball fan, and a respected owner, his widow isn't exactly into the whole thing. She has stated she wants to sell the team and it looks like it will happen at some point. Thank God.

While she is too late in life to hook up with a term life insurance quote most likely, she doesn't really need one when she has a half a billion dollar team ready to unload.

The Detroit Pistons officially are for sale.

The Pistons and Palace Sports & Entertainment announced Wednesday that they have hired Citi Private Bank Sports Advisory -- a subsidiary of Citigroup -- as a financial advisor to assist in the sale of the team.

The Pistons stated that Citi is in contact with "a number of interested parties" and that the Pistons would have no further comment on the process "until there is substantive news to report."

No comments: