Reports Indicate that Mike Ilitch is about to finalize the purchase of the Detroit Pistons from current owner Karen Davidson. Although nothing is final yet, sources close to the negotiations have indicated that a sale of the team to Mike Ilitch was almost a done deal.

Mike Ilitch, who owns both the Detroit Red Wings as well as the Detroit Tigers, wants to purchase the team to make sure it stays in Detroit. Ilitch who obtained his riches from finding the Little Caesars Pizza franchise, is 81 years old, and also an ex minor league baseball player himself. In 1982 he purchased the Detroit Red Wings hockey team, and turned them into eventual Stanley Cup Champions. Ten years later he purchased the Tigers baseball team, and has seemingly turned that franchise around as well.

The price of the possible Pistons sale has yet to be announced.