Platinum’s Gores Buys His Fund’s Ownership Stake in Pistons

  • Gores owns 51% of the NBA franchise he bought in 2011
  • Transaction shows he's in for the long haul, partner says

Platinum Equity founder and Detroit Pistons owner Tom Gores is buying his firm’s stake in the National Basketball Association team, giving him 100 percent of the franchise, according to a partner in the firm.

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