Ilitch announces interest in buying Pistons

FOX Sports Detroit

Detroit’s Mike and Marian Ilitch — the Little Caesars Enterprises Inc. pizza founders who also own the Detroit Tigers and the Detroit Red Wings — on Monday morning issued a statement announcing their interest in buying the Detroit Pistons.

I really want to see the Pistons remain the Detroit Pistons,” Mike Ilitch said. “We decided to make a run at it.”

Ilitch also said he has formally made his intentions known to the Pistons, which is a required first step.

Pistons owner Karen Davidson in January said that she wants to sell the team — along with Auburn Hills-based Palace Sports & Entertainment, which manages venues and the team — she inherited when her husband, William Davidson, died in March 2009.

The Ilitches hired longtime PS&E President Tom Wilson in February to oversee expansion of their sports and venue holdings.

Of the city’s four major professional sports teams, only the Lions would remain out of Ilitch’s hands if the deal for the Pistons gets done. William Clay Ford Sr. owns the Lions.

Mike Ilitch’s complete statement