Find out who owns the Detroit Pistons, the owner's net worth, source of wealth and ownership history of the franchise.
The Detroit Pistons are a household franchise based in Detroit, Michigan, and are a part of the NBA's Eastern Conference Central Division.
The Pistons have won three NBA championships.
Who owns the Detroit Pistons?
The Detroit Pistons is owned by Tom Gores, who has been the majority owner since 2011.
Detroit Pistons ownership structure
Tom Gores
Tom Gores is an American businessman and founder of the private equity firm Platinum Equity. He also has an interest in the sports business.
According to figures from Wikipedia, Tom Gores has an estimated net worth of $9.4 billion as of July 2024. His wealth comes from the ownership of the equity firm and the ownership of sports franchises.
Platinum Equity
Platinum Equity is a private equity investment firm.
Detroit Pistons
He is the sole owner of the Detroit Pistons following the takeover of the team in a deal worth $325 million.
Club Net Worth & Valuation
According to figures from Forbes, the Detroit Pistons are valued at $3.4 billion.
Club Ownership History
The Pistons franchise was originally founded in 1937 as the Fort Wayne Zollner Pistons. The team relocated to Detroit in957 and was rebranded to the Detroit Pistons.
Trophies and Achievements
The Detroit Pistons have won three NBA championships.