At least three bidders are emerging as potential buyers of the Detroit Pistons and The Palace, as two unnamed groups are expected to tour the arena and view some of the team’s financial paperwork; Red Wings owner Mike Ilitch has already expressed his interest. While the NBA might not make a lot of financial sense […]
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Ilitch notifies Pistons of interest in purchase, would move team back downtown
Detroit Red Wings and Tigers owner Mike Ilitch formally notified Palace Sports and Entertainment of his interest in buying the NBA’s Detroit Pistons, adding that he’s like to see the team move back downtown to a new arena to be shared with the Wings. Ilitch is already the biggest sports figure in Detroit, and adding […]
Palace Sports alleges wrongdoing by former employees
Palace Sports, the owners of the Detroit Pistons and the Palace of Auburn Hills, has filed suit against nine former employees now working for Mike Ilitch and Olympia, saying trade secrets were stolen as the two organizations compete for sponsors and fans. The lawsuit, filed in Oakland County Circuit Court, says the nine former employees […]
After the Joe: What next for the Red Wings?
It’s arguably the worst arena in the NHL, both in terms of generating revenues and satisfying fans. The Detroit Red Wings, though, are stuck with Joe Louis Arena for now — but there are other scenarios for the future of the team’s home. The Red Wings are expected to sign a new multiyear lease for […]
Illitch: Red Wings likely to play at Joe Louis Arena next season
The Detroit Red Wings are set to play at least one more season at Joe Louis Arena, as team owner Mike Ilitch says the team will probably return next season. The team’s lease at Joe Louis Arena expired at the end of the season. The decision had been whether to play the coming season at […]
