Palace Sports & Entertainment (PS&E) is an American sports and entertainment company owned by

Tom Gores Tom Gores (born Tewfiq Georgious, ar, توفيق جورجيوس; July 31, 1964) is an American billionaire businessman. He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California. In June 2011, Gores a ...

. Its largest subsidiary is the

Detroit Pistons The Detroit Pistons are an American professional basketball team based in Detroit. The Pistons compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division and play their home games at Li ...

of the

National Basketball Association The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United S ...

. The company was founded by Bill Davidson, and traces its roots to Davidson's purchase of the Pistons in 1974. Its current structure dates from 1988, when the Pistons moved to a new arena,

The Palace of Auburn Hills The Palace of Auburn Hills, commonly referred to as the Palace, was a multi-purpose arena built in 1988 and located in Auburn Hills, Michigan. It was the home of the Detroit Pistons of the National Basketball Association (NBA), the Detroit Shoc ...

. Davidson was company chairman until his death in 2009. His widow, Karen, sold the company to Gores in 2011. PS&E also owned the now-defunct

Detroit Safari The Detroit Safari (founded as the Detroit Neon) was a member of the Continental Indoor Soccer League that played at The Palace of Auburn Hills. Their owners, the Palace Sports Group were awarded a franchise on November 4, 1993. Their star player ...

of the

Continental Indoor Soccer League The Continental Indoor Soccer League (CISL) was a professional indoor soccer league that played from 1993 to 1997. History In the summer of 1989 Dr Jerry Buss, the owner of the Los Angeles Lakers and California Sports, told his executive Vice Pre ...

Detroit Fury The Detroit Fury were an arena football team based in Auburn Hills, Michigan. History The team was a member of the Arena Football League from 2001 to 2004 and played at The Palace of Auburn Hills, also the home of the NBA's Detroit Pistons. The ...

of the

AFL AFL may refer to: Sports * American Football League (AFL), a name shared by several separate and unrelated professional American football leagues: ** American Football League (1926) (a.k.a. "AFL I"), first rival of the National Football Leagu ...

, and

Detroit Vipers The Detroit Vipers were an International Hockey League team. The team was founded in 1994, and played at The Palace of Auburn Hills. Their mascot was a polar bear named Vipe-bear. History Beginning The Vipers were originally formed as the Sal ...

of the IHL. PS&E owned the

Tampa Bay Lightning The Tampa Bay Lightning (colloquially known as the Bolts) are a professional ice hockey team based in Tampa, Florida. They compete in the National Hockey League (NHL) as a member of the Atlantic Division in the Eastern Conference. They play th ...

of the

National Hockey League The National Hockey League (NHL; french: Ligue nationale de hockey—LNH, ) is a professional ice hockey league in North America comprising 32 teams—25 in the United States and 7 in Canada. It is considered to be the top ranked professional ...

, the

Asheville Tourists The Asheville Tourists are a Minor League Baseball team of the South Atlantic League and the High-A affiliate of the Houston Astros. They are located in Asheville, North Carolina. Asheville teams have played under the Tourists moniker in differen ...

of minor league baseball's

South Atlantic League The South Atlantic League, often informally called the Sally League, is a Minor League Baseball league with teams predominantly in states along the Atlantic coast of the United States from New York to Georgia. A Class A league for most of its ...

, and the WNBA's

Detroit Shock The Detroit Shock were a Women's National Basketball Association (WNBA) team based in Auburn Hills, Michigan. They were the 2003, 2006, and 2008 WNBA champions. Debuting in 1998, the Shock were one of the league's first expansion franchises. ...

until 2009, when the team was sold to a group of investors from Oklahoma. PS&E also owns and/or operates several venues, including the

Pine Knob Music Theatre Pine Knob Music Theatre (formerly DTE Energy Music Theatre) is an outdoor amphitheater located in Independence Township, Michigan, approximately northwest of Detroit (it has a Clarkston, Michigan mailing address). Built by the Nederlander Orga ...

Clarkston, Michigan Clarkston is a city in Oakland County, Michigan, United States. A northern suburb of Detroit, located about northwest of downtown Detroit, Clarkston is surrounded by Independence Township, but administered independently since its incorporation ...

, and the

Meadow Brook Amphitheatre The Meadow Brook Amphitheatre (originally the Meadow Brook Music Festival) is an outdoor pavilion music venue, located at 3554 Walton Boulevard in Rochester Hills, Michigan on the campus of Oakland University. The venue seats 7,701 patrons with ...

on the

Oakland University Oakland University is a public research university in Auburn Hills and Rochester Hills, Michigan. Founded in 1957 through a donation of Matilda Dodge Wilson, it was initially known as Michigan State University-Oakland, operating under the Mi ...

. On October 8, 2017, in the wake of the closure of The Palace of Auburn Hills in favor of

Little Caesars Arena Little Caesars Arena is a multi-purpose arena in Midtown Detroit. Opened on September 5, 2017, the arena, which cost $862.9 million to construct, replaced Joe Louis Arena and The Palace of Auburn Hills as the home of the Detroit Red Wings of th ...

, Palace Sports & Entertainment announced a joint venture with

Olympia Entertainment Olympia Entertainment is an American sports and entertainment company headquartered in the Fox Theatre in Downtown Detroit, Michigan. Olympia is a division of Ilitch Holdings, and owned by Marian Ilitch. It owns or manages the Detroit Red Wings, ...

, owner of the

Detroit Red Wings The Detroit Red Wings (colloquially referred to as the Wings) are a professional ice hockey team based in Detroit. The Red Wings compete in the National Hockey League (NHL) as a member of the Atlantic Division (NHL), Atlantic Division in the East ...

. The venture, known as

313 Presents 313 Presents is a live entertainment company based in Detroit. 313 Presents promotes and produces concerts, theatrical productions, sporting events and family shows at six venues across southeast Michigan including Little Caesars Arena, Fox Theatre ...

, assumed responsibility for entertainment booking, production, media relations, and promotion of the two companies' venues.

References

External links

*{{official website, 313presents.com Companies based in Metro Detroit Sports in Auburn Hills, Michigan