Citibank said the Detroit Pistons will not be sold until after the NBA All-Star game. Pistons owner, Karen Davidson, the widow of Bill Davidson, hired Citibank to represent the franchise during its sale .
The time line of the projected sale means that Detroit Red Wings and Tigers owner, Mike Ilitch will not become a triple threat. Ilitch scored an exclusive agreement to negotiate the sale of the team, but the deal expired after one month without a deal reached.
Davidson and Citibank said if they could not find a buyer willing to pay an excess of $400 million for the Pistons, they may have to wait until the economy rebounds or sell the team to a foreign investor. The Pistons have already sparked the interests of Middle East investors, making many fans worry that the Pistons will have to relocate.