The sale of the franchise to Tom Gores has been unanimously approved by the NBA's Board of Governors, commissioner David Stern announced before Game 1 of the NBA Finals on Tuesday.

"We appreciate the approval of the Board of Governors and the support of Commissioner Stern," Gores said in an email to The Detroit News. "I understand the importance of the trust that has been placed in us, and we're very excited to be a part of something as special as the NBA. We can't wait to make a difference in Detroit. We look forward to getting to work right away."

The deal is expected to be closed today between Gores, Karen Davidson and Palace Sports and Entertainment.

"We think Tom will bring renewed vigor and energy to that great franchise," Stern said. "And he's really very anxious to get going.
"We look forward to the Pistons' continued growth, both on and off the court, under his leadership. That's a very good development for the Detroit Pistons and the good fans of Detroit."