The owner of Major League Baseball’s Detroit Tigers and the National Hockey League’s Red Wings said Monday he hopes to buy the National Basketball Association’s Detroit Pistons, a move that could bring the team back into the city limits from its current suburban home.

The move could also advance a plan to build a new downtown arena for the Red Wings, the Associated Press reported.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.