Detroit Pistons up for sale 22/01/2010 |
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Detroit Pistons owner Karen Davidson has confirmed that she is looking to sell the team.
Oscar Feldman, a long-time minority owner before selling his stake last October, told the Detroit News earlier this week that the “word around town” was that the NBA team was up for sale.
And Davidson said in a statement: "I'm pleased, as noted by Oscar Feldman, that the limited partners concur in my decision into inquiring about selling the team."
When asked again at the Pistons-Boston Celtics game on Wednesday (Jan 20), she added: "We're looking into the possibility of inquiring about selling it. But there's nothing definite. We're just looking into it."
Davidson took over ownership of the Pistons last year after the death of her husband, Bill.
Forbes Magazine listed the Pistons as the fourth most valuable team in the NBA, behind only the Los Angeles Lakers, the New York Knicks and the Chicago Bulls. The magazine valued the Pistons at $479m, although the figure is likely to be lower in the present economic climate.
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