1964 : Tom Gore Born, Owner of Detroit Pistons

July 31, 2024 all-day

Tom Gores was named  Tewfiq Georgious, Arabic: توفيق جورجيوس‎ when he was born  on July 31, 1964 to a practicing Catholic family in Nazareth, Israel, the son of a father of Greek descent and a mother of Lebanese descent. While a student at Genesee High School, Gores played defensive back in football, middle infielder in baseball, and guard in basketball. He received a scholarship to attend Michigan State University, where he graduated in 1986 with a Bachelor of Science degree in construction management. He spent his twenties learning the buyout business with his older brother Alec.

On June 1, 2011, Tom Gores and Platinum Equity bought Palace Sports and Entertainment (PS&E), the parent company of the Pistons and their former arena, The Palace of Auburn Hills, from Karen Davidson, the wife of the late Bill Davidson, becoming only the third owner in franchise history.  According to Crain’s Detroit Business, the final sale price was $325 million, far lower than expected. Still, it was a handsome return on Davidson’s original investment; he’d bought the team from founding owner Fred Zollner in 1974 for $6 million.

Source : Wikipedia entry

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