In June, influential agent Arn Tellem surprised the NBA world by announcing that he was leaving the agent world to take a management position with the Pistons, working on the business and community relations side of things. Now, Tellem tells Tom Walsh of the Detroit Free Press that he ultimately plans to acquire a minority ownership stake.
Tellem, whose hiring by Gores was announced in June, will be living in a condominium in Birmingham. He expects to acquire an ownership stake in the Pistons later this year, now that Gores has consolidated ownership of the team by recently acquiring his Platinum Equity Group’s 49% share.
“That was part of the plan when I came in,” Tellem said. “My hope is now that by the end of the year, we’re going to hopefully have a piece of the action. Tom’s desire is to have this team long-term for him and his family and to really accomplish a lot here — not only winning basketball games, but to make a difference in the community here.”