DETROIT-Local business magnate Mike Ilitch, who owns the Detroit Tigers baseball team and Detroit Red Wings hockey team as well as being founder/owner of Little Caesar’s Pizza, said Monday that he wants to buy the for-sale Detroit Pistons basketball team. If the purchase goes through, it’s believed that Ilitch would move the Pistons’ stadium from the northern suburbs to Downtown Detroit in a new double-use stadium.

Karen Davidson, widow of late Pistons owner William Davidson, said earlier this year that she wants to sell the team, which plays at the Palace of Auburn Hills in Auburn Hills, MI. Ilitch is one of the only people in Michigan who could pull it off to keep the team local. He’s also one of Detroit’s largest landowners through his company Ilitch Holdings, including the Wings’ Joe Louis Arena and the MotorCity Casino Hotel.

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