NBA Board of Governors Approves Detroit Pistons Sale

by June 01, 2011
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David Stern confirmed that Tom Gores’ purchase of the Pistons was approved unanimously. The Detroit Free Press reports: “NBA owners have welcomed Tom Gores into their fraternity. League commissioner David Stern disclosed [last night] before Game 1 of the NBA Finals in Miami that the NBA Board of Governors had unanimously approved Gores’ purchase of the Pistons from Karen Davidson. ‘We appreciate the approval of the Board of Governors and the support of Commissioner Stern,’ Gores said [last night] through a spokesman. ‘I understand the importance of the trust that has been placed in us, and we’re very excited to be a part of something as special as the NBA. We can’t wait to make a difference in Detroit. We look forward to getting to work right away.’ However, this is not the final step before Gores assumes control of the franchise that has been in the Davidson family since 1974. The sale, which includes all of Palace Sports & Entertainment, is expected to be completed Wednesday or Thursday.”