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12-09-2004, 06:45 PM
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#1 (permalink)
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Veteran
Join Date: Jun 2003
Location: West Coast
Age: 24
Posts: 6,359
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Cavs being sold?
They're saying on ESPN radio that Gordon Gund is selling the Cavs to some guy.
What effect is new ownership going to have on the short term future of the Cavaliers? Hopefully a good one... maybe a new owner will help the Cavs move forward. |
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12-09-2004, 07:06 PM
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#2 (permalink)
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Icon
Join Date: Jun 2003
Age: 26
Posts: 33,722
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Lebron should buy the team.
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12-09-2004, 07:16 PM
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#3 (permalink)
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The Living Legend | ANDRE
Join Date: Aug 2002
Posts: 7,723
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From what I heard, the Cavs are being "sold" for 375 million dollars to a man from Michigan.  |
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12-09-2004, 07:22 PM
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#4 (permalink)
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Veteran
Join Date: Jun 2003
Location: West Coast
Age: 24
Posts: 6,359
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"Michigan business man Dan Gilbert."
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12-09-2004, 07:58 PM
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#5 (permalink)
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-PREMIUM MEMBER-
Join Date: Jun 2002
Location: Akron, Ohio, USA
Posts: 2,531
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Quote:
Originally posted by <b>futuristxen</b>!
Lebron should buy the team.
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lol... don't we all wish! Or a partnership with Drew Carey and Randy Lerner and/or any other mega-millionaires who we are pretty sure will keep the team here....
__________________
When I read about the evils of drinking, I gave up reading.
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12-09-2004, 09:15 PM
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#6 (permalink)
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This one's for you, Chick
Join Date: Nov 2003
Location: L.A.
Age: 32
Posts: 13,289
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Oy, this could be disastrous news. 9 times out of 10, it takes years for a franchise to yield positive team results when they're selling to highest bidders. Unless they sell to someone within the family, LeBron will not be a Cav past his RFA year, if history has taught us anything about selling franchises. Just look at what high bidder selling did to the Nets. Ouch.
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12-09-2004, 09:35 PM
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#7 (permalink)
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MANRAM!
Join Date: Jun 2002
Location: NORCAL
Age: 24
Posts: 18,070
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12-10-2004, 07:53 AM
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#8 (permalink)
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The Stars or Bust!
Join Date: Sep 2004
Posts: 17,210
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Quote:
Originally posted by <b>EHL</b>!
Oy, this could be disastrous news. 9 times out of 10, it takes years for a franchise to yield positive team results when they're selling to highest bidders. Unless they sell to someone within the family, LeBron will not be a Cav past his RFA year, if history has taught us anything about selling franchises. Just look at what high bidder selling did to the Nets. Ouch.
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Maybe but our situation is completely different the Nets. The Cavs have good attendance, a marketable superstar, and a lease they can't back out for the next 15 years or so. Ratner bought the NEts with specific idea of moving them and making a ton of money with a NY team. Every one knew that, hence the firesale of players
Sure the owner could try to make money by being cheap ala Donald Sterling but Gund didn't have the biggest pockets. But, look at John Henry with the Red Sox or Dallas with Cuban, it's not just a one way street. We have a strong talent base and an owner would be less scared to spend cash on this team with Lebron IMO
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12-10-2004, 08:29 AM
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#9 (permalink)
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BasketballBoards 6th Man
Join Date: Jun 2003
Posts: 363
Rep Power: 6
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Gund bros are billoinaire's dude...
dude is loaded with cash for the ages.
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Gather up your five, man meet me at the Rucker, Put the heat to you ****ers, Half Man-Half Amazing with a clip in my boot, And 4-5 will make you "Skip To My Lou", think about it
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12-10-2004, 08:48 AM
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#10 (permalink)
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The Stars or Bust!
Join Date: Sep 2004
Posts: 17,210
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Quote:
Originally posted by <b>CavsTalk</b>!
Gund bros are billoinaire's dude...
dude is loaded with cash for the ages.
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Everything is relative. They maybe billionaires but a lot of their net worth is in the Cavs and the other team that they sold so although loaded (far more money then I can comprehend really) they don't have as much capital as other owners in the league who have deeper outside sources of revenue/cash
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12-10-2004, 12:55 PM
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#11 (permalink)
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Icon
Join Date: Jun 2003
Age: 26
Posts: 33,722
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I wonder how much the Carlos Boozer situation played into his decision to get out of the game now?
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12-10-2004, 01:21 PM
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#12 (permalink)
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Maybe Next Year....
Join Date: Jul 2004
Location: Chicago, IL
Age: 25
Posts: 9,499
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Quote:
Originally posted by <b>futuristxen</b>!
I wonder how much the Carlos Boozer situation played into his decision to get out of the game now?
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That probably was what pushed him to consider it.
Getting hoodwinked by Loozer may have signaled to him that loyalty and honesty are no longer a fundamental part of business in sports. (obviously a utopian view of sports business where everyone is honest isn't reality, but Gund tended to operate under that tenet at least in his public image IMO)
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Futuristxen:
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12-10-2004, 08:17 PM
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#13 (permalink)
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Basketballboards Benchwarmer
Join Date: May 2004
Location: U-town, OH
Posts: 205
Rep Power: 5
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please don't move the team 
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Party after another Tar Heel win
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12-10-2004, 09:13 PM
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#14 (permalink)
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The Stars or Bust!
Join Date: Sep 2004
Posts: 17,210
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Quote:
Originally posted by <b>thefuture2</b>!
please don't move the team
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Read the above posts: the Cavs have signed a lease for 15-20 at the Gund. It would be VERY VERY expensive to move this team in the foreseeble future and there would be a ton of legal fights
The concerns are more about whether the new owners will be tightwad billionaires (i.e. Donald Sterling) or, hopefully, my NBA team is the ultimate man's toy billionaires (Paul Allen, Mark Cuban).
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12-10-2004, 09:19 PM
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#15 (permalink)
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The Stars or Bust!
Join Date: Sep 2004
Posts: 17,210
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Apparently to break the lease and pay the NBA fees associated with relocation that would be an additional 80 MILLION just to move the team. Don't see this happening since the Cavs are going to be profitable for awhile with Lebron
see link |
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Cavs being sold?
