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Opinion: The Detroit Tigers Are Up For Sale
Sunday, September 10, 2017 - 10:48am | 1660Read More...The Detroit Tigers spiraled out of control this year, on pace for their worst record in more than 10 years. Chris Ilitch, president and CEO of Ilitch Holdings, has remained quiet since assuming leadership of the team after the death of his father, Mike, in February. With that, I'm sticking my...
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Pistons Owner Tom Gores Seeking OK On Purchase Of Prison Phone Contractor
Monday, July 24, 2017 - 12:12pm | 443Read More...Billionaire Detroit Pistons owner and private equity investor Tom Gores is reportedly attempting to enter the world of private prison contractors, asking the FCC for approval on the purchase of Securus Technologies, Inc., a prison telephone service. It’s a company that’s been criticized...
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Lawsuit Could 'Kill' Detroit Pistons Move To New Downtown Arena
Monday, June 19, 2017 - 3:56pm | 731Read More...A lawsuit that seeks to block the use of public school funds for the Detroit Pistons’ move from the suburbs to the Little Caesars Arena under construction downtown could “kill” the project and trigger a municipal bond default, the city’s attorney said Monday. Community...
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Bad Boys Are Back In Town: Detroit Pistons Return Downtown After Four Decades In The Suburbs
Tuesday, November 22, 2016 - 5:07pm | 564Read More...The Bad Boys are back in town. Detroit Pistons owner Tom Gores, Detroit Red Wings and Little Caesar’s owner Mike Ilitch and Detroit mayor Mike Duggan formally announced that the Pistons will begin playing in downtown Detroit for the 2017-2018 season in a press conference Tuesday afternoon...
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What Detroit Looked Like The Last Time All Its Major Sports Teams Played In The City
Tuesday, November 22, 2016 - 12:04pm | 504Read More...The Detroit Pistons are moving to Detroit for the 2017–2018 season, according to multiple local media reports. It will be the first full season since 1977 that the three-time NBA champions will play within city limits. The Pistons moved out to the Pontiac Silverdome in 1978; before, then-...
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Dan Gilbert, Tom Gores Want To Bring MLS To Detroit
Tuesday, April 26, 2016 - 3:52pm | 496Read More...Billionaires Dan Gilbert and Tom Gores said they're partnering to bring a Major League Soccer club to downtown Detroit. They will also build a soccer-specific stadium to the city. In a press release, Gilbert and Gores said the ownership group's efforts are supported by MLS and its...
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Borders in Talks to Sell Half Its Stores
Thursday, June 2, 2011 - 8:27am | 157Read More...Borders, which filed for Chapter 11 bankruptcy in February, may have found a buyer in the Gores Group. The Los Angeles-based private equity firm is reportedly in talks to acquire at least half of remaining Borders stores for around $200 million. While Borders has held talks with other potential...
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Private Equity Titan Tom Gores Closes Deal to Buy Detroit Pistons
Wednesday, June 1, 2011 - 8:29pm | 236Read More...Private equity honcho Tom Gores closed his purchase of the Detroit Pistons basketball team Wednesday. “I am very excited at the opportunity to lead this great franchise into the future,” Gores said in a released statement. “The passion and commitment of Pistons fans is legendary, and our goal is...
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Pistons Still Up For Sale As Tom Gores Leaves Detroit
Friday, February 11, 2011 - 6:05pm | 222Read More...While many were anticipating a major announcement this week regarding the sale of the Detroit Pistons, it seems as if we are still going to have to wait for an answer. Tom Gores is back in Los Angeles this weekend, reportedly for a commitment with his kids. According to the Detroit Free Press,...
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Walt Disney Shuns Weinsteins; Resumes Talks With Gores (DIS)
Tuesday, May 25, 2010 - 5:47pm | 129Read More...Walt Disney Co. (NYSE: DIS) has ended its talks with Harvey and Bob Weinstein to buy back Miramax Films. The Weinstein brothers were backed by investor Ron Burkle. The Wall Street Journal has stated that the complex structure of the acquisition was the primary reason behind the collapse of the...
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Competition Intensifies For Miramax (DIS)
Wednesday, April 14, 2010 - 6:26pm | 147Read More...Walt Disney’s (NYSE: DIS) Miramax Films unit is garnering interest from potential suitors. There are currently three groups vying for the film unit. One of the groups, led by Alec and Tom Gores, has raised its bid for the studio. The group’s initial bid was $550 million. According to Reuters, One...
