I'll bring you the latest news and rumors on all the Detroit Sports teams!
Friday, January 28, 2011
UPDATE: Eric Lefkofsky says no interest in buying Pistons
It was rumored Michigan man Eric Lefkofsky would be interested in buying the team if Gores didn't he quickly shot that down and said he has no interest.With only 9 days left of the 30 days Tom Gores was giving to negotiate the buying of the Detroit Pistons there is no new information with Gores. Gores does in fact have lawyers in Detroit as we speak and he also flew to New York last week to meet with NBA officials. This week the value of the Pistons came out by Forbes. Karen Davidson was quickly bombarded with questions. Her answer may of been the dumbest one. "I didn't even know what the value of this team was", was her answer. Shes the current owner of the team and she was the one that put a price on the team for buyers to see a range to bid in. Mike Illitch who also owns the redwings and Tigers was very interested in buying the team. It was rumored he offered 400 million, 40 million more then what the franchise was worth, Davidson rejected. The reason why the value of the Pistons came out this week is because Gores brought his lawyers in to do everything to prove to Davidson and show her what the value is. Problem is, if the franchise is valued at 360 million, and Karen Davidson thought 400 million was to low of a offer from Illitch, how in the heck is she ever gonna sell this team. Karen Davidson is 100% to blame for the 119 million decrease from last year to this year in the teams value. She has been greedy. Greed has cost her almost 120 million and greed is costing the entire Pistons franchise to go from one of the best in the NBA to middle of the pack. Boy do we ever miss Mr. D or what?
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