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As the deal for Tom Gores and his Beverly Hills-based Platinum Equity to buy the Detroit Pistons basketball team creeps closer to closing, the Detroit News is reporting today that seller Karen Davidson may retain some kind of interest in the operation, even if just sentimental. But don't expect any public release of the sales price.

"What I would say is that Ms. Davidson has a great affinity toward this team and this arena," Adam Klein, lead counsel to Davidson for the sale, told the paper. "It is a big part of her family. By picking this buyer, Tom Gores, in addition to coming to agreement on the terms and conditions, she also got very comfortable with him and with the thought that the legacy of her husband would be put in very good hands.

"She will have — I don't know what kind of role you would say; not an employee, certainly, but someone whose name is still associated with the franchise who would be able to help in any way, perhaps as an ambassador for the team," Klein was further quoted as saying.

"Whatever the case may be, people who have been associated with businesses, organizations, sports franchises often transition out of a long-term relationship. But with her love for the community -- and the team, in particular -- I don't think she is just going to walk away and not have anything to do with it."

Word is that the deal, as yet to be approved by NBA owners, will close later this month or sometime in June.

Among its other holdings, Platinum Equity owns the San Diego Union-Tribune.

http://detnews.com/article/20110518/SPORTS0102/105180401/Karen-Davidson-wants-to-retain-role-with-Pistons-after-sale#ixzz1MjSgf799

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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