Latest posts by Sam Amico (see all)
- Bulls’ Parker drawing interest from Knicks, Pelicans - January 18, 2019
- AH Radio: Tristan, Love have trade value, but should Cavs keep them? - January 18, 2019
- Suns, Magic may wait for summer rather than pursue Mavs’ Smith - January 18, 2019
RICHFIELD, Ohio — Former Cavaliers majority owner Gordon Gund will sell his remaining share of the team, according to a report from Crain’s Detroit Business.
Gund, 76, along with his later brother George, purchased the team in 1983 and owned it until 2005, when it was sold to a group led by current majority owner Dan Gilbert.
Gordon Gund is believed to own a 15-percent stake in the franchise. That stake is reportedly worth around $160 million.
The Cavaliers trail the Warriors 1-0 in the Finals. Game 2 is Sunday in Oakland, Calif.