Dan Gilbert buys Cavs for $375M (AP)

Discussion in 'NBA General' started by Yahoo! Sports, Jan 3, 2005.

  1. Yahoo! Sports

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    The Cleveland Cavaliers were bought Monday for $375 million by the founder of the nation's largest online mortgage company, who acquires a team that has surged from the NBA's depths since the arrival of LeBron James. Dan Gilbert of Detroit, founder of Quicken Loans, will assume ownership of the Cavaliers and operational control of the 20,000-seat Gund Arena once the league's Board of Governors...

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