Just when it appears it can’t get any worse for the Cleveland Cavaliers, it does.
According to a report from Stephen A. Smith, Cavaliers owner Dan Gilbert is looking to sell the team. The report came out Wednesday afternoon and comes just one day after Cleveland suffered a double-digit loss to the San Antonio Spurs, their tenth loss in their last twelve contests.
Dan Gilbert wants to sell the Cleveland Cavaliers. (Via Stephen A. Smith – ESPN)
— Clevis Murray (@ClevisMurray) January 24, 2018
Gilbert took a majority ownership of the Cavaliers in March of 2005 and has helped not only fund the Cavs but also the Cleveland Monsters, the AHL affiliate to the Columbus Blue Jackets, and the AFL’s Cleveland Gladiators. Gilbert was the most successful in terms of on the court and ice in 2016, when both the Cavs and Monsters won their respective titles.
Gilbert also owns the G-League Canton Charge in the sporting world.
In terms of business ventures, Gilbert’s main investment is Quicken Loans with an ownership of the Jack Casino in Cleveland.
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