The Detroit Pistons fired coach John Kuester four days after Tom Gores completed his purchase of the National Basketball Association team.
Tom Gores , founder of California- based Platinum Equity, has a tentative agreement to buy the Detroit Pistons from current owner Karen Davidson, the two sides said today in a news release.
Platinum Equity LLC founder Tom Gores has been given a 14-day exclusive negotiating period to work out a deal to buy the Detroit Pistons.
The sale of the Detroit Pistons to Tom Gores was unanimously approved by the National Basketball Association’s board of governors.
Phil Jackson, who guided the Los Angeles Lakers to five National Basketball Association championships and the Michael Jordan-led Chicago Bulls to six, will advise the Detroit Pistons on their coaching search.
Amar’e Stoudemire scored 22 points for the New York Knicks in their 103-80 rout of the Detroit Pistons in a National Basketball Association game.
Michael Ilitch said he and his group of companies “formally notified the Detroit Pistons that we have interest in purchasing the team.”