The Detroit Pistons want to restore its winning legacy, and owner Tom Gores tells CNBC he’s committed to the current rebuild. Gores purchased the team in 2011 for $325 million, and the Pistons are worth more than $1 billion today despite a losing record under his ownership.
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How much would it cost to buy the Detroit Pistons?

This graph depicts the value of the Detroit Pistons franchise of the National Basketball Association from 2003 to 2021. In 2021, the franchise had an estimated value of 1.45 billion U.S. dollars.

Does Joe Dumars own Pistons?

Sacramento Kings
PositionShooting guard / Point guard
Career history
1985–1999Detroit Pistons
How long has Tom Gores owned Pistons?

The Detroit Pistons want to restore its winning legacy, and owner Tom Gores tells CNBC he’s committed to the current rebuild. Gores purchased the team in 2011 for $325 million, and the Pistons are worth more than $1 billion today despite a losing record under his ownership.

What is Tom Gore worth?

Tom Gores
BornTewfiq Georgious July 31, 1964 Nazareth, Israel
Alma materMichigan State University
Who is the owner of Golden State Warriors?

Peter Guber, a prominent figure in the entertainment industry for more than 35 years, is currently in his ninth season as owner of the Golden State Warriors. As co-executive chairman, he and Joe Lacob were the driving forces behind the current ownership group’s bid to purchase the Warriors in 2010.

How much are the Raptors worth?

CharacteristicFranchise value in million U.S. dollars
What is Dennis rodmans net worth?

Net Worth:$500 Thousand
Date of Birth:May 13, 1961 (60 years old)
Height:6 ft 7 in (2.01 m)
Profession:Wrestler, Actor, Basketball player, Athlete, Basketball Coach, Entertainer
What happened to Joe Dumars?

In June 2019, Dumars joined the Kings as Special Advisor to the General Manager, most recently serving as Interim Executive Vice President of Basketball Operations. He has over 30 years of NBA experience both as a player and front office executive in addition to an extensive executive business background.

Was Joe Dumars good?

Dumars quickly earned the reputation of being a defensive stalwart and a serious offensive threat but it was cemented with his 1989 NBA Finals MVP performance. Dumars was also well-respected for his sportsmanship that belied his intensity and toughness and for being a true leader in the NBA.

Are Alec Gores and Tom Gores related?

He obtained a degree in computer science from Western Michigan University, and was the first in his family to attend college. He is the older brother of Tom Gores, founder of Platinum Equity, and Sam Gores, the head of Paradigm Talent Agency.

Who owns the Detroit pro teams?

Mike Ilitch
Ilitch in 2011
BornJuly 20, 1929 Detroit, Michigan, U.S.
DiedFebruary 10, 2017 (aged 87) Detroit, Michigan, U.S.
OccupationOwner of Detroit Tigers & Detroit Red Wings, founder of Little Caesars Pizza
Who owns Platinum?

Los Angeles-based Platinum is run by billionaire founder Tom Gores. The firm says it has around $23 billion in assets under management and also owns the NBA’s Detroit Pistons.

What does Platinum Equity do?

Platinum Equity is a global M&A&O® firm, founded by Tom Gores, specialized in mergers, acquisitions, and operations of companies that provide mission-critical products, services, and solutions in diverse industries. We offer deep in-house resources and flexible acquisition solutions to sellers worldwide.

What team does Michael Jordan own?

In March 2010, Jordan became the majority owner of the Charlotte Bobcats, after four years as part of the team’s ownership group and its Managing Member of Basketball Operations. Jordan is the first former player to become the majority owner of an NBA franchise.

What is Stephen Curry's net worth?

Stephen Curry’s total net worth is 160 million dollars, putting him amongst the richest of NBA players.

Who owns the Leafs and Raptors?

MLSE, one of the world’s premier sports and entertainment companies, owns the Toronto Maple Leafs (NHL), the Toronto Raptors (NBA), the Toronto Marlies (AHL), Toronto FC (MLS), Air Canada Centre, Maple Leaf Square and three digital channels – Leafs TV, NBA TV Canada and GOLTV Canada.

Who is the richest NBA team owner?

Steve Ballmer leads the way as the richest team owner for the seventh straight year, with a net worth of $96.5 billion, up $27.5 billion from a year ago.

How much would it cost to buy the Leafs?

The Toronto Maple Leafs are the National Hockey League’s most valuable franchise with a value of $2 billion, according to Sportico.

What is Michael Jordan's net worth?

Jordan’s current net worth stands at a total of 1.6 billion dollars, and here we look at his deal with Nike. Back in 1984, he signed a contract with Nike, as the US brand agreed to an upfront commitment of 250,000 dollars and his own sneaker line.

What is Shaquille O Neal's net worth?

Now an owner of a number of restaurant franchises, holding a stake in the Sacramento Kings, and still having a number of endorsement deals, AfroTech say that Shaq’s net worth in 2021 is as high as 400 million dollars. CelebritiesDwayne Johnson Net Worth 2021: What is The Rock’s salary?

What happened to Rodman's money?

Known for his antics, Rodman was fined plenty of times on the court. He was once fined $200,000 for kicking a referee in the crotch and lost out on $1 million in salary for an 11-game suspension.

What is Isaiah Thomas doing now?

Thomas is currently an analyst for NBATV and a regular contributor to

Is Dennis Rodman one of the 50 greatest players?

On October 26, 1996, NBA Commissioner David Stern announced the 50 greatest players in league history at a press luncheon, and Michael Jordan believes Dennis Rodman was omitted from the prestigious list.

How old is Isiah Thomas?

Isiah Lord Thomas III (born April 30, 1961) is an American former professional basketball player, coach and executive who is an analyst for NBA TV. A point guard, the 12-time NBA All-Star was named one of the 50 Greatest Players in NBA History and inducted into the Naismith Memorial Basketball Hall of Fame.

Is Dennis Rodman in the Basketball Hall of Fame?

When Dennis Rodman was inducted into the NBA Hall of Fame, he was one of several people honoured, but the larger-than-life legend’s heartfelt speech stole the show. Wearing a blazer with both the Pistons and Bulls’ name emblazoned on the back, Rodman repeatedly stopped as he choked back tears in the 2011 ceremony.

What companies does Ilitch Holdings own?

The Ilitch companies represent leading brands in the food, sports and entertainment industries, including Little Caesars, Blue Line Distribution, the Detroit Red Wings, Olympia Entertainment, the Detroit Tigers, Olympia Development, Little Caesars Fundraising Program, Champion Foods and MotorCity Casino Hotel.

Where does Chris Ilitch live?

A graduate with a bachelor’s degree in business administration from the University of Michigan, Chris is a proud father of three and resides with his wife Kelle and their children in metro Detroit.

Who owns Detroit Tigers now?

Detroit Tigers owner Christopher Ilitch on signing Javier Baez: ‘This is a turning point’ Detroit Tigers owner Christopher Ilitch and general manager Al Avila discuss the future of the franchise Wednesday, Dec. 1, 2021.

Who is on the Detroit Pistons?

Starter2nd4thKillian Hayes OSaben Lee OCade Cunningham OCade Cunningham OFrank JacksonHamidou DialloHamidou DialloRodney McGruder OSaddiq BeySaddiq BeyJosh Jackson OJamorko Pickett

Who coaches Detroit Pistons?

Sixteen head coaches have spent their entire NBA head coaching careers with the Pistons. Curly Armstrong, Red Rocha, Dick McGuire, Dave DeBusschere, Donnie Butcher, Terry Dischinger, Earl Lloyd, Scott, and Michael Curry formerly played for the team. The current head coach of the Pistons is Dwane Casey.

Is Ed Stefanski still with the Pistons?

Stefanski stayed with the 76ers for four seasons before getting promoted to an Executive Vice President role with the Toronto Raptors and later the Memphis Grizzlies. After those stints, he became the Senior Advisor of Basketball Operations for the Detroit Pistons in 2018, which is the position he holds today.

How can I contact Tom Gores?

Who founded Platinum Equity?

Chairman & CEO. Tom Gores founded Platinum Equity in 1995 and his guidance, core philosophies, and strong principles drive the strategic development and direction of both the firm and its portfolio.

How much is Platinum Equity worth?

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world.