Who Owns The Detroit Pistons?
So, who owns the Detroit Pistons? The current owner of the Pistons franchise is Tom Gores. He is a businessman and private equity investor who owns the Platinum Equity firm. He purchased the Pistons in 2011 for $325 million. Prior to Gores’ ownership, the Pistons were owned by Karen Davidson, the widow of former owner Bill Davidson.
Under his ownership, the Pistons have made the playoffs twice in 2016 and 2019 but have not advanced beyond the first round. In recent years they have failed to make significant headway in terms of building a contending team. Some fans and pundits have blamed Gores for the team’s lack of success, citing his inability to put the right people in charge of basketball operations for the team.
According to Forbes, as of the 2022-2023 season, the Detroit Pistons are worth $1.9 Billion dollars. This makes them the 23rd most valuable National Basketball Association (NBA) franchise.
About The Detroit Pistons Franchise
The Detroit Pistons are an American professional basketball team based in Detroit, Michigan. The Pistons compete in the National Basketball Association (NBA) as a member of the league’s Eastern Conference Central Division and plays its home games at Little Caesars Arena.
The team was founded in Fort Wayne, Indiana, as the Fort Wayne (later Detroit) Zollner Pistons, a member of the National Basketball League (NBL). The Pistons joined the Basketball Association of America (BAA) in 1948. In 1949, the NBL and BAA merged to become the NBA, and the Pistons became part of the merged league. Since moving to Detroit in 1957, the Pistons have won three NBA championships: in 1989, 1990, and 2004.
Some of the all-time great players to don a Detroit Pistons jersey include Isiah Thomas, Bill Laimbeer, Bob Lanier, Joe Dumars, Ben Wallace, Grant Hill, Andre Drummond, and Chauncey Billups.
The Pistons have had many rivals over the years. Some of their most notable rivals include the Boston Celtics, the Los Angeles Lakers, and the Chicago Bulls. Their battles with the Jordan-led Bulls in the late 1980s were well-documented and physical contests.