New York-based Citigroup has been retained to assess the value of the Pistons, the Free Press has learned.
A source with personal knowledge of the situation said this morning that the financial firm is going over the books; the next step could be the Pistons being placed for sale.
The source, who requested anonymity because the league office requests that team officials not speak publicly about the process, stressed that the team is not yet for sale.
Karen Davidson, the Pistons’ owner for a little over a year, said earlier this year that she was thinking about selling the franchise that won three NBA championships for her late husband.
“You always want a real engaged, enthusiastic owner,” she said at halftime of the Pistons-Celtics game at the Palace on Jan. 20. “I think that’s just the primary concern. We’re looking into the possibility of inquiring about selling it, but there’s nothing definite.
"When the snows fall and the white winds blow, the lone wolf dies but the pack survives."
Winter is Coming
Now this is the Law of the Jungle—as old and as true as the sky; And the wolf that shall keep it may prosper, but the wolf that shall break it must die.
As the creeper that girdles the tree-trunk, the Law runneth forward and back; For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.
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