The Detroit Pistons are an American professional basketball team based in Auburn Hills, Michigan, a suburb of Detroit.
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In 2011, Tom Gores bought the Detroit Pistons for $420 million. He is the current owner and Chairman of the Board for the Pistons. Gores was born in Israel and moved to Michigan when he was young. He has a bachelor’s degree from Michigan State University and a MBA from UCLA.
Born in Flint, Michigan
Tom Gores was born in Flint, Michigan, in 1957. He is the younger of two sons of working-class, Syrian-Lebanese immigrants who came to America in search of a better life. His father, Hisham, was a barber, and his mother, Naomi, was a homemaker. When Tom was nine years old, his family moved from Flint to a small town in rural Michigan, where his father opened a beauty salon. Tom and his brother Saleh worked in the salon after school and on weekends.
Founder and CEO of Platinum Equity
From 2006 to 2011, Gores was the chairman and CEO of Hawaiian Electric Industries, a public company that owns the state’s biggest utility. In March 2011, he took his current position as CEO and chairman of private equity firm Platinum Equity, which he founded in 1995.
Bill Davidson was the owner of the Detroit Pistons from 1974 until his death in 2009. He was also the owner of the Detroit Shock from 1998 until 2009. Davidson was a very successful businessman, and he also owned the Tampa Bay Lightning from 1999 until his death.
Former owner of the Pistons
Bill Davidson was the former owner of the Detroit Pistons. He owned the team from 1974 until his death in 2009. During his time as owner, the Pistons won three NBA Championships (1989, 1990, 2004).
Passed away in 2009
Bill Davidson was the owner of the Detroit Pistons from 1974 until his death in 2009. He was born in 1922 and grew up in Michigan. After serving in the military during World War II, he attended college and then law school. He started his own law firm in Detroit, which became very successful. In 1974, he bought the Pistons for $8 million.
Under Davidson’s ownership, the Pistons won three NBA championships (1989, 1990, and 2004). Davidson was also one of the owners of Palace Sports & Entertainment, which owned several other professional sports teams in the area, including the Detroit Tigers and the Detroit Red Wings.
Davidson was a very successful businessman, and his estimated net worth was $4.5 billion at the time of his death. He was also a generous philanthropist, and he donated millions of dollars to various causes over the years.
The Pistons Organization
Headquartered in Auburn Hills, Michigan
The Pistons are an American professional basketball team based in Auburn Hills, 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 The Palace of Auburn Hills.
Founded in 1941
The Pistons organization was founded in 1941 by industrialist and owner of the Fort Wayne Zollner Corporation, Fred Zollner. The organization has been based in Detroit, Michigan since 1957. From 1957 to 1974, the Pistons were a charter member of the National Basketball Association (NBA). The team won NBA championships in 1989 and 1990.