The Ilitch organization has entered the process to attempt to purchase the NBA's Detroit Pistons, as well as its ancillary properties, including the Palace of Auburn Hills and the DTE Energy Music Theater.
"We formally notified the Detroit Pistons that we have interest in purchasing the team," Red Wings owner Mike Ilitch said in a statement released to the media on Monday. "This is a required first-step and we look forward to the opportunity to move forward in the process."
Ilitch, along with his wife, Marian, have owned the Red Wings since 1982, and in that time the franchise has won four Stanley Cup championships. Mike Ilitch also purchased the Detroit Tigers in 1992.
In June, Karen Davidson, the widow of the late Pistons owner William Davidson, has said that she expects the sale of the NBA team to be completed prior to the upcoming season.
"When I read in the paper there was a chance that this great sports town could lose one of its professional sports franchises, I just didn't see how we could let that happen," Red Wings owner Mike Ilitch said in a statement that was released to the media on Monday.
"The Pistons, just like the Red Wings, Tigers and the Lions, have a rich and storied tradition in this community and they've brought pride to fans and our community," Ilitch said. "You all know I love sports – all sports, from amateur to the various pro sports we've had the privilege to be involve with, and like a lot of others I'm sure, I really want to see the Pistons remain the Detroit Pistons."
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