Wiggles Confirmed - Gores is New Owner of Pistons

Re: Confirmed...Gores is New Owner of Pistons

This is why I love this guy as the (hopefully) Pistons owner. I can just picture the headlines like Gores to Sheed - You've got to play in the post more.

Pistons extend exclusive talks with Tom Gores; his rep confirms no deal is in place | detnews.com | The Detroit News

Re: Confirmed...Gores is New Owner of Pistons

A lengthy read about Tom Gores.

Tom Gores goes for slam dunk with Pistons deal | Detroit Free Press | freep.com

Seems like the hands on type of manager that I like. He'll be someone who learns to understand all facets of basketball ownership. Unfortunately, the hands on approach also included his older brother's wife. I hope that episode happened long ago...and is just a memory.

Re: Confirmed...Gores is New Owner of Pistons

I read that also, yikes! He tried to buy Mirimax Studios.

I can't tell you how much I enjoy waking up and being greeted by his press photo each morning.

Re: Confirmed...Gores is New Owner of Pistons

It may not your traditional understanding of hands-on. It most certainly will be a quasi type of personalized ego satisfaction a la Cuban, but the background learning might be one of his most unique aspects in this weak ownership league.

Nope. This will not be a requirement for his success. Doesn't need it.

This does not enter into it, unless of course you are a wide-eye Jesuit. This guy gets hit left and right. Normally the closest relationships are your most venerable association.

Re: Confirmed...Gores is New Owner of Pistons

No research and sounds? Be careful of wishful sounds and subjective mole-hills.

Yep...I wanted to put this one in italics. This is good stuff from the old testament.

Re: Unconfirmed...Gores is New Owner of Pistons

I tried to read that article, but my eyes glazed over about half way through (at the 100,000 word mark). I couldn't tell who was who and what was what. Did Gores shoot somebody?

Maybe I'll give it another go now that I'm more awake.

Re: Unconfirmed...Gores is New Owner of Pistons

Yeah we'll have a winner in 2 years and a new owner in 3. I like it.
Asumming the owners group don't piss themselves at the sight of this guy.

Re: Unconfirmed...Gores is New Owner of Pistons

Maybe he'll take Rodney Stuckey to work with him at Platnium Equities...

I thought our Debt to players like Gordon, Rip, and CV was as bad as it could get...

Re: Unconfirmed...Gores is New Owner of Pistons

----------
This article is about Tom Joubran, Tom "Gor-is"'s nephew. There's so many brothers in the story you get confused.
---------
Note the bar "Mikatam" could clear $30000.00 nightly. Before the beer profits !!!
---------
Immigrants to this country are often given low interest loans.
---------
Pellicano got 15 years for using illegal wiretaps to help one of them.
Though he was paid ~$240K by catching the wife infidel it could've saved "them" millions in settlement.

Re: Unconfirmed...Gores is New Owner of Pistons

Usually, you have to pay much more than the existing equity in a company in the first place. Stripping it out and loading the remainder up with debt just kills the value of the company and makes it unsellable. It may make sense from a scamming standpoint to buy a company with no equity and then rip off venders and creditors... but you'll form a reputation pretty quickly and won't get much cooperation on you other acquisitions.

I need to know more about his scamming ways to form a negative opinion. I'm open to it, but just don't have any good data. All I know about the guy is that he built an empire from a very modest start and he tries to look cool. He is either smarter, more aggressive, luckier, or dirtier than most (any other ways to make money?).

Platinum Equity - Wikipedia, the free encyclopedia

They seem less like corporate raiders and more like value added owners where they take greater financial risk than normal and then make sure that it is successful by actively managing or supporting it.

It almost seems like the perfect owner from a fan's standpoint. He'll personally invest money, time, and energy to make it successful. He's used to professional managers who are held accountable for their results. And he didn't luck into his money like Cuban, so he'll act like he's been there before and will do it with a little more classy tilt.

Re: Unconfirmed...Gores is New Owner of Pistons

With returns exceeding 40% and one of the most active acquisition streaks for a PE firm over the past several years, it seems as though he has better uses for his money from a return standpoint.

So, let's hope that this is either a pure ego play or a pure entertainment play for him. Either way, here's hoping that he's a competitive guy who will demand results from everyone in the organization... and hoping he'll treat us to the lux tax for the next decade.

Re: Unconfirmed...Gores is New Owner of Pistons

upside is likely that he bought a little high. lets see how long before he sells off the entertainment arm to get some claw back...

Re: Unconfirmed...Gores is New Owner of Pistons

The Lakers are spending $92M on salaries this year.

We are the middle of the pack with $66M.

The Sacremento Kings are at the bottom with $44M.


So, even for the money we are spending, we are under performing.


Top Five spending teams:

1. Lakers
2. Magic
3. Mavs
4. Celtics
5. Magic

Bottom five spending teams:

1. Kings
2. Wolves
3. Cavs
4. Clippers
5. Bulls (!)

There are some surprising teams out there, which are performing much better or much worse than their cash outlay, but these top 5 spending teams would whip the bottom 5 for sure.