Vice Chairman of Palace Sports & Entertainment plans to become part owner by the end of the year.
Arn Tellem was brought in to report to Tom Gores and "as a representative of ownership" to have broad responsibility -- not only with the Detroit Pistons, but also with PS&E and the city of Detroit. The quote is directly from the press release. Tellem told Tom Walsh at The Detroit Free Press recently that he plans to have an actual stake in the ownership by the end of the year:
"I'm coming here to make a difference," Tellem said of his move from Los Angeles, where he was a star with Wasserman Media Group, a sporting and entertainment marketing outfit.