Palace Sports & Entertainment (PS&E) is a sports and entertainment company owned by Tom Gores

Tom Gores

Tom Gores is an American billionaire with an estimated current net worth of $2.4 billion dollars. He appears on the Forbes list of 2011 World's Billionaires. On June 1, 2011 he became the owner of the Detroit Pistons.-Biography:...

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The company owns the Detroit Pistons

Detroit Pistons

The Detroit Pistons are a franchise of the National Basketball Association based in Auburn Hills, Michigan. The team's home arena is The Palace of Auburn Hills. It was originally founded in Fort Wayne, Indiana as the Fort Wayne Pistons as a member of the National Basketball League in 1941, where...

 of the NBA

National Basketball Association

The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...

. PS&E also owned the now-defunct Detroit Safari

Detroit Safari

The Detroit Safari 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 and unofficial coach was experienced indoor player Andy Chapman...

 of the CISL

Continental Indoor Soccer League

The Continental Indoor Soccer League was an indoor soccer league that played from 1993 to 1997.-History:When the Major Soccer League folded in the summer of 1992, two of its former teams joined a group of hockey and basketball arena owners led by Ron Weinstein who wanted to create a league to...

, Detroit Fury

Detroit Fury

The Detroit Fury were an Arena Football League team. The team began play in 2001 and was based in Auburn Hills, Michigan, a suburb of Detroit, at The Palace of Auburn Hills, also the home of the NBA's Detroit Pistons. The team was co-owned by William Davidson, who owned the Pistons, along with...

 of the AFL, and Detroit Vipers

Detroit Vipers

The Detroit Vipers was an International Hockey League team. The team was founded in 1994, and played at The Palace of Auburn Hills.-Beginning:...

 of the IHL.

PS&E owned the Tampa Bay Lightning

Tampa Bay Lightning

The Tampa Bay Lightning are a professional ice hockey team based in Tampa, Florida. They are members of the Southeast Division of the Eastern Conference of the National Hockey League . They have one Stanley Cup championship in their history, in 2003–04. They are often referred to as the...

 of the NHL

National Hockey League

The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...

 ,the Asheville Tourists

Asheville Tourists

The Asheville Tourists are a minor league baseball team based in Asheville, North Carolina, USA. They play in the Class A South Atlantic League and have been a farm team of the Colorado Rockies since 1994....

 of minor league baseball's

Minor league baseball

Minor league baseball is a hierarchy of professional baseball leagues in the Americas that compete at levels below Major League Baseball and provide opportunities for player development. All of the minor leagues are operated as independent businesses...

 South Atlantic League

South Atlantic League

The South Atlantic League is a minor league baseball league based chiefly in the Southeastern United States, with the exception of three teams in the Mid-Atlantic States...

, and it owned the WNBA's Detroit Shock

Detroit Shock

The Detroit Shock was a Women's National Basketball Association team based in Auburn Hills, Michigan. They were the 2003, 2006 and 2008 WNBA champion...

 until 2009, when the team was sold to a group of investors from Oklahoma.

PS&E also owns and/or operates several venues including its namesake The Palace of Auburn Hills

The Palace of Auburn Hills

The Palace of Auburn Hills, often referred to simply as The Palace, is a sports and entertainment venue in Auburn Hills, Michigan, a suburb on the northern outskirts of Detroit, Michigan, United States. Opened in 1988, it is the home of the Detroit Pistons of the National Basketball Association...

 in Auburn Hills, Michigan

Auburn Hills, Michigan

Auburn Hills is a city in Metro Detroit, Oakland County, in the U.S. state of Michigan. The population was 21,412 at the 2010 census. The city was formed in 1983 when Pontiac Township became the City of Auburn Hills.-Economy:...

 and the DTE Energy Music Theatre

DTE Energy Music Theatre

Originally built by the Nederlander Organization in the early 1970s, the DTE Energy Music Theatre is a 15,274-seat amphitheater located in Clarkston, Michigan. It was originally known as the Pine Knob Music Theatre, due to its proximity to the nearby Pine Knob ski area and golf course...

 in Clarkston, Michigan

Clarkston, Michigan

Clarkston, known officially by the name City of the Village of Clarkston, is a small city located within Independence Charter Township in Oakland County in the U.S. state of Michigan. The population was 882 at the 2010 census.-Overview:...

. Meadow Brook Music Festival on the Oakland University

Oakland University

Oakland University is a public university co-founded by Matilda Dodge Wilson and John A. Hannah whose campus is located in central Oakland County, Michigan, United States in the cities of Auburn Hills and Rochester Hills. It is the only major research university in Oakland County, from which OU...

campus in neighboring Rochester Hills is owned by Palace Sports and Entertainment; the company is responsible in many aspects of operating the venue, ranging from booking performances to having Palace security personnel work the events.

External links

• PalaceNet.com - The Official Site of Palace Sports and Entertainment
• http://www2.tbo.com/content/2007/aug/07/tampa-bay-lightning-sold-to-absolute-hockey/?news-breaking Lightning sold to Absolute Hockey (USA Today)