Gores, Pistons still negotiating

Gores, Pistons still negotiating

Published Feb. 11, 2011 5:47 a.m. ET

FOX Sports Detroit
Feb. 11, 2011

The Pistons and prospective buyer Tom Gores apparently still have some work to do and have extended their bargaining period.

Marx Layne & Co. released a mid-afternoon statement Friday for current Pistons
owner Karen Davidson: "The parties are continuing to work in a
cooperative manner and have agreed to a new, 14-day exclusivity period."

The Detroit Free Press said in a Friday report that Gores has returned to Los Angeles to tend to a family commitment.

On Thursday, the Free Press reported that Gores, a Los Angeles financier, had reached a tentative agreement to buy the Pistons. When contacted by FOX Sports Detroit early Friday, the team would not confirm the report.

When a deal