Gores, Pistons still negotiating

By foxsports
Published

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