Features
Gund Arena Sold
The Cleveland Cavaliers NBA team – currently on top of the league’s Central Division – has been sold along with its home, the
Dan Gilbert of Detroit, founder of Quicken Loans, will assume ownership of the 20,000-seat venue and the basketball team once the league’s Board of Governors approves the sale.
Former owner Gordon Gund will retain a minority interest of no more than 10 percent, according to an anonymous source.