Dan Gilbert Addresses Rumors of Selling Cleveland Cavaliers…

Dan Gilbert Addresses Rumors of Selling Cleveland Cavaliers..

 

**Cleveland, OH – June 21, 2024** — Dan Gilbert, the majority owner of the Cleveland Cavaliers, has officially addressed the swirling rumors about potentially selling the NBA franchise. In a press conference held at Rocket Mortgage FieldHouse, Gilbert firmly denied any plans to sell the team, reiterating his long-term commitment to the Cavaliers and the city of Cleveland.

 

Speculation about a possible sale intensified recently due to Gilbert’s increased focus on his business ventures outside of basketball and ongoing health challenges following a stroke in 2019. However, Gilbert dismissed these rumors as unfounded.

 

“I want to make it clear that the Cleveland Cavaliers are not for sale,” Gilbert stated. “Our focus remains on building a championship-contending team and contributing positively to the community.”

 

Under Gilbert’s ownership since 2005, the Cavaliers have seen significant success, including an NBA championship in 2016. Despite recent struggles on the court, Gilbert expressed optimism about the team’s future, pointing to the development of young talents and strategic investments in both players and facilities.

 

Gilbert also highlighted ongoing projects aimed at enhancing fan experience and community engagement, underscoring his commitment to the team and the region. “We are investing in the future of this franchise and this city,” he said. “From upgrading our facilities to engaging in community outreach, we are here to stay.”

 

Cavaliers fans and stakeholders have reacted positively to Gilbert’s assurance, expressing relief and renewed confidence in the franchise’s direction. With rumors put to rest, the focus now shifts back to the upcoming season and the team’s efforts to return to playoff contention.

 

### About Dan Gilbert:

Dan Gilbert is the founder and chairman of Rocket Companies, a Detroit-based conglomerate primarily focused on mortgage lending and real estate. He has been a prominent figure in the NBA since acquiring the Cleveland Cavaliers in 2005, leading the team to multiple NBA Finals appearances and the 2016 championship.

 

### About the Cleveland Cavaliers:

The Cleveland Cavaliers, established in 1970, are a professional basketball team based in Cleveland, Ohio. They are a member of the Central Division in the Eastern Conference of the NBA. The team plays its home games at Rocket Mortgage FieldHouse.

 

For… Read More!!!