Pistons Ownership
On June 1, 2011, Tom Gores and Platinum Equity bought Palace Sports and Entertainment (PS&E), a transaction that included the Detroit Pistons, from Karen Davidson, the wife of the late Bill Davidson.
Soon after Gores and Platinum Equity took ownership, the Pistons made several leadership changes including appointing Dennis Mannion to oversee operations of PS&E and the Pistons and Lawrence Frank as head coach of the Pistons. Frank is a former head coach of the New Jersey Nets. Former Pistons star Joe Dumars remained as President of Basketball Operations.
Under Gores' ownership, PS&E and The Pistons have demonstrated an ongoing commitment to the Detroit community through programs that include "Seats for Soldiers," which provides free tickets for PS&E events to US armed forces members and their families, as well as "Come Together," a program celebrating community service, leadership, and volunteerism throughout Michigan.
Read more about this topic: Tom Gores
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