The Regime Posted February 19, 2011 Report Share Posted February 19, 2011 Six years ago, Quicken Loans founder Dan Gilbert bought the Cleveland Cavaliers for $375 million. If Gilbert wanted to sell it today, one sports investment banker, who requested anonymity because he helps clients buy and sell sports teams, told CNBC that Gilbert could get about $275 million for the team. The price Gilbert agreed to pay in January 2005 was undoubtedly boosted by the fact that hometown boy LeBron James, then in the middle of his second season, was helping to fill up the arena on a regular basis. James was worth plenty to Gilbert over the next 5½ seasons, as average per game attendance was never lower than 18,000 fans per game, a number the Cavaliers hadn't ever achieved before. http://www.thepostgame.com/features/201102/did-lebrons-departure-cost-cavs-owner-100-million Quote Link to comment Share on other sites More sharing options...
Multi-Billionaire Posted February 19, 2011 Report Share Posted February 19, 2011 Yes, and LeBron joining Miami undoubtedly appreciated Heat's value as well. It goes with every franchise. The Nuggets will also be valued lower without Melo vs. with Melo... Quote Link to comment Share on other sites More sharing options...
Check my Stats Posted February 19, 2011 Report Share Posted February 19, 2011 well Gilbert wouldn't sell the team today (or ever probably, dude is loaded isn't he?), it just wouldn't make sense. Quote Link to comment Share on other sites More sharing options...
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