Karen Davidson confirmed Wednesday evening that she was pursuing the possibility of selling the franchise.

Her disclosure came two days after a person close to the situation told the Free Press that the Pistons were not for sale but could be soon.

"I'm pleased, as noted by Oscar Feldman, that the limited partners concur in my decision into inquiring about selling the team," Davidson said in a brief statement released through Marx Layne & Company.

Davidson assumed control of the franchise after the March 13 death of her husband, Bill. He purchased it for $8 million in 1974. Forbes places its value at $479 million, fourth-highest in the NBA.