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Pistons fire CEO Alan Ostfield

Updated: June 30, 2011, 7:54 PM ET
Associated Press

DETROIT -- Detroit Pistons CEO Alan Ostfield has been fired by the team's new ownership.

Ostfield became president and CEO of both the Pistons and Palace Sports & Entertainment last year. The team was purchased about a month ago by Platinum Equity chairman Tom Gores in a deal that included Palace Sports.

Ostfield remained upbeat Thursday, saying the move wasn't a huge surprise.

"I knew a year and a half ago when I agreed to step into the position, I knew what we were going through ...

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