22 May 2010

Pistons for Sale - Not Leaving Detroit

Yahoo News

When Karen Davidson's husband, Bill, died in March of last year, she not only found herself having to find a new way of living, but she also suddenly had ownership of the Detroit Pistons on her hands.

She apparently didn't find the experience enjoyable. Earlier this year, she was exploring the possibility of a sale and now, the Detroit Free Press reports, the team is officially on the block.

But Pistons fans shouldn't lament too much. The league is apparently committed to keeping the team in Motor City and the other owners wouldn't affirm anyone who planned to move it. After all, the team was eighth in attendance this past season, averaging 18,751 per game despite having a 27-55 record.

Forbes recently said the team is worth $479 million and Citigroup is apparently being paid by Davidson to asses the sale value of the team and would likely be the sales broker if one comes about.

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