Detroit Pistons Are Up For Sale, But As Negotiations Drag On, Karen Davidson Has Become Frustrated
The Detroit Pistons have been up for sale for a long, long time. However, there has not been a deal, as Tom Gores continues to negotiate with Karen Davidson on a price for the team.
Gores has requested more information, and according to Gregg Krupa and Vincent Goodwill of the Detroit News, Davidson is not happy with how things have gone.
"One source close to Davidson last week said the process is so utterly problematic, she feels as though she has lost control of it," the report says. "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."
This year, mainly because of the uncertain money situation and partly because of incompetence on the part of general manager Joe Dumars, the team has not made a single roster move this season. It's no wonder the Pistons are a walking trainwreck on a nightly basis. This team has a coach that has no idea what he's doing, a general manager who has sat back and let it happen, and an owner who can't sell the team, handcuffing the moves the Pistons can make.
This is a franchise that needs a full shakeup, and the sooner Davidson can sell the team, the better, because this saga has taken way too long and at some point, you have to come to a deal. If not, this team that her father cherished is going to continue to waste away in mediocrity.
Every Piston fan needs to pray for a quick solution to this sale, because the longer it takes, the chances of productive changes in the offseason go down the drain.
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