Discussion in 'Pistons and NBA' started by Nemo, Jan 17, 2010.
Tell that to all of those employees who lost their jobs when all those plants closed.
Yeah. The old man picks and chooses who he is loyal to. He sure ain't very loyal to his players and ex-players.
Do they have a controlling interest in the auto sector?
If Ford Motor co was ran the same way as the Lions it would have went bankrupt long ago.
David Katzman to Own The Pistons?
According to Jeff Moss at the Detroit Sports Rag, his sources tell him that David Katzman, part owner of the Cleveland Cavaliers and Vice Chairman for Quicken Loans, has ended his association with the companies and related interests. He will become the new owner of the Detroit Pistons, taking over from the Davidson family.
I will edit this article with further information as I acquire it.
"He earned a B.A. in accounting/finance at Michigan State University and attended Detroit College of Law for his graduate work."
(Detroit College of Law became MSU college of law).
I like him already!
How come all the hacks who wrote bad mortgages as fast as they could and then resold them enough times to bring down the global economic system seem to be getting all the rewards these days? Look for the Pistons to be the first NBA team that sells ad space on its uniforms.
Nah, they'll just sell advertising space on the hardwood. Just keep the Block "S" off the center court. The Detroit Sparty's just doesn't work for me.
Mortgage fraud monopolist. Bill D (apparently) took liberties with patents at Guardian Auto Glass, but guys like this are part of the toxic economy.
Can't sell a team that ain't for sale yet.
Rumors of David Katzman as a potential buyer for the Detroit Pistons are premature | Detroit Pistons - - MLive.com
The Detroit Catsmen wouldn't be a bad name for the team if they were looking to rebrand and get some extra $$$.
"The Detroit Davids"
The Detroit Lion-O's would get me back.
To keep things in perspective... things are not as grim financially for the Pistons as you might have heard (15 teams are in the red this year).
According to Forbes magazine in December 2009, Detroit is the 4th most valuable NBA franchise, just a head of Cleveland. Lebron is worth a lot to the Cleveland franchise, but according to Forbes the Cavs barely make money. They only made $5-million in profit last year. Detroit made $46.9-million. This is because the Pistons only take in $12-million a year more than the Cavs, but they spend almost $30-million less per year than the Cavs.
Additionally, the Pistons are not in debt, while the Cavs owe $42-million to creditors.
Just another reason why the Pistons should be a good investment for a prospective buyer... Winning will put the cans right back in the seats and back in black.
an update on this story
Are the Pistons on the Verge of Being Sold?
My friend's dad, who works for the Palace, keeps trying to convince me that the Pistons are for sure up for sale. But every article I've seen has said "not officially yet"...So what should I think??
When you're hungry, think about food.
Don't worry about the Pistons. Whatever will be will be.
Que Sara Sara... whatever will be will be (old Doris Day song)
Haha, right now I'm just happy the Pistons won twice in a row.
and that I just got called and notified that I have a snow day tomorrow(:
Pistons owner still hopeful on sale timeline - NBA - Yahoo! Sports
So should we as fans be hoping that the franchise value has gone down, thereby potentially freeing up more of the new owner's (or owners') capital that could be used to put into future acquisitions?
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