According to the Detroit Free Press, Mike Ilitch has died today at the age of 87. Ilitch Holdings confirmed it today.

Mike Ilitch was a well known metro Detroiter, partly famous for his ownership of "the Red Wings, the Tigers, and the Fox Theatre, and operated city-owned Joe Louis, Cobo, and Little Caesars arenas, among other smaller businesses, teams and restaurants."

Ilitch's family will honor his life at both a private funeral service as well as with a public memorial service. Get more details HERE.