DUBAI - A Dubai-based consortium is among four groups interested in acquiring NBA franchise the Detroit Pistons, U.S. daily The Detroit News reported on Saturday.
The newspaper did not give any details about the Dubai-based consortium, but named the other three bidders as sports franchise owner Mike Ilitch, Houston businessman George Postolos and Beverly Hills billionaire Tom Gores.
The Pistons are valued at about $475 million, The Detroit News said, but questioned whether the price tag is realistic given the tough economy.
NBA legend Magic Johnson, a Michigan native, has expressed interest in being part of the Pistons ownership group and has held talks with interested parties, The Detroit News said.
The Pistons have won three NBA Championships in the franchise’s history, including back-to-back wins in 1989 and 1990 and another in 2004.
Source : http://en.news.maktoob.com/20090000507088/Dubai_consortium_eyes_NBA_franchise/Article.htm
