Karen Davidson inherited the Detroit Pistons when her husband Bill passed away last year. The Pistons were his passion, not hers, she didn’t want to run a team. So she hired Citi Private Bank Sports Advisory to help her sell the Pistons and the Palace.
They found a buyer in Michael Ilitch — who already owned the Detroit Red Wings and Tigers. It seemed a great fit as the founder of the Little Caesars Pizza had plenty of cash to make the deal happen (he is worth $1.7 billion).
According to one person familiar with the negotiations, after agreeing to a price in excess of $400 million (my source was not more specific), Ilitch discovered the revenues presented in the prospectus were inflated. Ilitch, one of the great gentleman owners in sports, got pissed, lowered his offer price and the deal quickly blew up. I hope to find out more about the actual price in the near future. But from what I am hearing it will now be hard for Davidson to get $400 million for the team given the Ilitch debacle and dismal state of Detroit’s economy.
It is possible Ilitch still ends up with the team, but it looks like this is going to take a while.
“I was there, when he had The Decision,” Mitchell explained. “So that would probably be the biggest one.”
Like, there there?
“It was in Greenwich, Conn., and I went to school in Greenwich [at Greenwich Country Day School],” he said. “So, as a big LeBron fan in the sixth grade, I forced my mom to let me go. I wanted him to go to Miami. I wanted him to get his first ring.”
Young Donovan was glad to see one of his favorite players chart a course for a more successful future. Not everybody at the Greenwich Boys & Girls Club shared his enthusiasm.
“The people there who were Knicks fans … they weren’t too happy about it,” Mitchell said. “I almost got hit in the head with a Snapple bottle because they were just throwing stuff around outside. It was cool. I was just celebrating, so it was pretty cool.”
What a cool bit of happenstance.
Damian Lillard’s goal in meeting with Trail Blazers owner Paul Allen: ‘Spark that urgency’
Lillard, in an interview with Rachel Nichols of ESPN:
It was just me showing urgency, spark that urgency, figure out, “OK, what do we have to do?” We’re a five, six seed. What do we got to do to make the jump? If you don’t have a line of communication with people who can make the changes or the people who can make impact for things happening for the better, then you’re just going out there playing.
IT WAS DECEMBER 2016 when Archibald learned of his diagnosis, during a free screening at the New York offices of the NBPA. And now, more than a year later, he’s still reeling from the news.
“What I have is really rare,” he says. “There’s no pills, nothing they have found that works. I’m being tested all the time, just hoping, you know?
“My [heart] could go any minute. But I’m not ready for that. I want to be around for a long time.”
The medical community has had little success solving the riddle of amyloidosis. For those who suffer from it, aside from participating in clinical trials, or the possibility of a heart transplant, which at Archibald’s age may not be viable, there isn’t much that can be done.
We celebrated Archibald’s 69th birthday last fall with this highlight video. If you’re not familiar with the 6-foot-1 guard’s exciting game, get acquainted:
Hopefully, Archibald gets his wish and sticks around a long time.