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Statement From Ilitch Holdings Regarding Expression Of Interest To Buy Detroit Pistons

The following statement is attributable to Michael Ilitch ( Michael Ilitch owns the Detroit Tigers and Michael and Marian Ilitch are co-owners of Little Caesars Pizza, the Detroit Red Wings, Olympia Entertainment and several other businesses).

" Marian and I grew up here, we raised our family here and we built our businesses here.  Detroit is our home.  When I read in the paper there was the chance that this great sports town could lose one of its professional sports franchises, I just didn't see how we could let that happen.  The Pistons, just like the Red Wings, Tigers and the Lions, have a rich and storied tradition in this community and they've brought pride to fans and our community. You all know I love sports – all sports, from amateur sports to the various pro sports we've had the privilege to be involved with, and like a lot of others I'm sure, I really want to see the Pistons remain the Detroit Pistons.

"We talked about it internally and when you take our 33 years of experience in professional sports, our commitment to this community, our passion for winning and pursuing championships, and you couple that with the opportunity to have a local, engaged owner for the Pistons, we decided to take a run at it.  We believe we could bring a lot to the table that could be tremendously positive for the Pistons franchise, the NBA, and the fans of this community.  So, today, we formally notified the Detroit Pistons that we have interest in purchasing the team.  This is a required first-step and we look forward to the opportunity to move forward in the process."

CONTACT:

Jennifer Haselhuhn

(313) 471-6517 - office

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