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Blog Entry

The Pistons sale is frustrating for all parties

Posted on: March 31, 2011 12:57 pm
 
Pistons ownership remains in flux.  Posted by Matt Moore

The Pistons are officially that beat-up Camaro at the end of the street that's been on the block for two months. The "For Sale' sign has faded with dust and things are starting to grow around the wheels. Despite Tom Gores having been the sole negotiating party with Karen Davidson's ownership group for months, the team has still not changed hands. From the Detroit News
Nearly 15 months after Bill Davidson's widow began talking about selling the Pistons, Gores and her agent, Citi Private Bank, still are negotiating.

In fact, some close to the negotiators say that not only is no agreement imminent, Karen Davidson's fatigue and frustration are growing.

One source close to Davidson last week said the process is so utterly problematic, she feels as though she has lost control of it. Her concern, in part, is that while Gores continually requires more information, too few details of an agreement are in place, despite more than two months of exclusive negotiations.

While the NBA is looking for a purchase price that reflects its valuation of the franchise, $420 million, the negotiations have yet to yield a path to that price or one more agreeable to Gores.

Much remains in play, sources say, including whether Davidson and Bill Davidson's children will retain a portion of the franchise or are paid significant revenue from the entertainment properties, including the DTE Energy Music Theater.

"It just shows how complex these dealings remain, even after all that has been discussed," a source close to the negotiations said.
via Frustration grows as talks drag on between Pistons, Tom Gores | detnews.com | The Detroit News.

The Pistons need this thing to end from about a billion angles. It's a PR nightmare, it's bad for business, it looks bad to the fans. It also handcuffs Joe Dumars from being able to make basketball decisions as ownership needs as stable an environment as possible for the move to go through. You have to wonder how all the strife in the Pistons would have gone down this season had the ownership situation been different. 

Meanwhile, the NBA continues to remain involved in the process, complicating the process. 

Why is it that the league has so much involvement in a situation like the Pistons', and so little involvement in situations like the sale of the Sonics to Clay Bennett, the continuing antics of Donald Sterling, ore the ongoing negotiations between Anaheim and the Kings despite the Kings still owing Sacramento over $70million? 

Just a question. 
 
Comments

Since: Nov 21, 2006
Posted on: April 2, 2011 4:02 pm
 

The Pistons sale is frustrating for all parties

What have you been watching for two year? Good job trading the only guy with leadership and heart (Billups), great job resigning the malcontent (Hamilton) to an overly inflated/franchise crippling extension, great job providing a lineup with 14 shooting guards/small forwards, and great job letting the franchise become the laughing stock of the league without stepping in and providng leadership/communication/guidance.I

'm as big a fan of Joe as anyone but to say that he has performed admirably during the past couple of years is burying your head about 10 feet in the ground.



Since: Mar 31, 2011
Posted on: March 31, 2011 4:07 pm
 

The Pistons sale is frustrating for all parties

Joe Dumars is an unequivocal success at maintainig the Piston team, structurally and professionally.  At a time when many Pistons have demonstrated a need for vacating relative to sytemetic success in a league of up and coming talent, the Pistons have kept their chins up.  It does not show on their record, but they are still breathing, because they have championships that cannot be removed.  Great job Mr. Dumars.


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