Detroit Free Press- New York-based Citigroup has been retained to assess the value of the Pistons, the Free Press has learned. Citigroup also could broker a potential sale of the franchise, a source said. A source with personal knowledge of the situation said this morning that the financial firm is going over the books; the next step could be the Pistons being placed for sale. The source, who requested anonymity because the league office requests that team officials not speak publicly about the process, stressed that the team is not yet for sale. Karen Davidson, the Pistons’ owner for a little over a year, said earlier this year that she was thinking about selling the franchise that won three NBA championships for her late husband. “You always want a real engaged, enthusiastic owner,” she said at halftime of the Pistons-Celtics game at the Palace on Jan. 20. Davidson assumed control of the franchise after the March 13, 2009, death of her husband, Bill. Forbes recently placed the franchise’s value at $479 million, fourth-highest in the NBA.
I wonder what they'll use the Palace for after the Pistons are gone? They wouldn't move the Pistons though right? I mean, why move the Pistons from a poor, penniless market when you could take them to a rich, sportless market? I'm not saying they're going to move the Pistons, I'm just saying they're probably thinking about it. Cus' NEWFLASH: Detroit is in the shitter right now. So here's what we do: buy Piston's paraphernalia. Go to Piston's games. Write Joe Dumar's and tell him to stop trading for Tayshaun Prince clones. Do you're part. Cus if you don't tell someone you love them enough, they'll leave you for someone else...just ask the Shock. (I'm sorry Chauncy. It's all my fault for not buying your jersey sooner...)
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