Two months later, Davidson learned that Pistons owner Fred Zollner was thinking of putting the team up for sale. Zollner had founded the Pistons in Fort Wayne, Indiana in 1941 and moved them to Detroit in 1957. However, the Pistons had never turned a profit since the move to Detroit. Davidson and Zollner had known each other for some time, since they both had vacation homes in Golden Beach, Florida. Zollner quickly reached a deal to sell the Pistons to Davidson for $6 million, which closed in late 1974.