HoopsHype George Postolos rumors

May 31, 2014 Updates

George Postolos, former president and CEO of the Houston Rockets, said the sale, if approved by three-quarters of the NBA's owners, would provide relief to Commissioner Adam Silver, enrich the Sterlings beyond most expectations and, potentially, end a five-week spectacle. "It's a positive outcome for the league and a good financial outcome for the Sterlings," Postolos said. "And they can get this story off the front page, which I think would be good for everybody." USA Today Sports

May 13, 2011 Updates

Houston businessman Jim Crane, who has reportedly entered the final stages to buy the Astros from Drayton McLane Jr. for approximately $680 million, will likely hire former Rockets president George Postolos as chief executive officer under the new ownership, according to a Houston Chronicle report Thursday night. The 47-year-old Postolos will have ownership in the club while overseeing the day-to-day operations, as he'll report directly to Crane. Examiner

September 24, 2010 Updates
August 14, 2010 Updates

Meanwhile, a few more details emerged about businessmen George Postolos and Tom Gores, who, the Free Press reported Thursday night, could have an interest in purchasing the Pistons. Ilitch, owner of the Red Wings and Tigers, announced Monday that he would try to buy the team from Karen Davidson, who hopes to sell before the season opener. An industry source familiar with Postolos and Gores said they were "value buyers," meaning they likely would not overspend for the Pistons (and Palace Sports & Entertainment). The source requested anonymity because he isn't authorized to speak for any of the parties, all of whom must sign nondisclosure agreements. Detroit Free Press

August 13, 2010 Updates
August 12, 2010 Updates

A one-time NBA executive has emerged as a bidder for the Pistons. The Free Press has learned that businessman George Postolos met with the ownership group Wednesday and has emerged as a potential buyer of the Pistons, according to multiple sources. The sources requested to remain anonymous due to non-disclosure agreements with the ownership group. WZZM13.com

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