An investment group in Las Vegas wants to bring an NBA team to its city. The group, International Development Management LLC, said it’s close to purchasing an NBA team to play in its proposed arena.
Could that team be the Pistons? Nobody’s commenting, and the Pistons are one of several teams — Atlanta, Golden State and Memphis — on the market.
This deal, too, has a lot of loopholes to clear. The investment group must first strike a deal with the county to fund construction of its proposed arena — and isn’t having much luck.
But Chris Milam , CEO of International, told the Las Vegas Sun a team is “under contract.”
The deal for purchasing the team, Milam said, only goes through if “other pieces of the puzzle fall into place. One of those pieces will be that a building (arena) is approved.”
Pistons owner Karen Davidson has said her preference is to sell to local ownership.