Businessman Gilbert buys Cavs for $375M (AP)

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

  1. Yahoo! Sports

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    At 5-foot-6, Dan Gilbert never had a realistic chance of playing in the NBA. So he discovered another way into the league: owning the Cleveland Cavaliers. Gilbert, founder of the nation's largest online mortgage company, bought the Cavaliers for $375 million on Monday from owner Gordon Gund, inheriting a team that is soaring to new heights with LeBron James.

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