ˌɔn dʒˈuːn wˈʌn, tˈuː θˈaʊzənd ɪlˈɛvən, ɡˈoːɹz ænd plˈætɪnəm ˈɛkwᵻɾi bˈɔːt pˈælɪs spˈoːɹts ænd ˌɛntɚtˈeɪnmənt pˌiːˈɛs ænd ˈiː ðə pˈɛɹənt kˈʌmpəni ʌvðə pˈɪstənz ænd ðɛɹ fˈɔːɹmɚɹ ɚɹˈiːnə, ðə pˈælɪs ʌv ˈɔːbɜːn hˈɪlz bᵻkˈʌmɪŋ ðə θˈɜːd ˈoʊnɚɹ ɪnðə fɹˈæntʃaɪzᵻz sˈɛvəntijˈɪɹ hˈɪstɚɹi.
On June 1, 2011, 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) becoming the third owner in the franchise's 70-year history.