Cavaliers Company Description
This business hardly has a carefree attitude towards roundball. The Cavaliers Operating Company owns and operates the Cleveland Cavaliers professional basketball team and its home court, Quicken Loans Arena. The Cavs joined the National Basketball Association in 1970 as part of an expansion that included the Portland Trail Blazers and Buffalo Braves (now the Los Angeles Clippers). Though losing records have been more the norm for the team in the past, things have been looking up for Cleveland since drafting high school sensation LeBron James in 2003. Quicken Loans founder Dan Gilbert has controlled the team since 2005; the family of original owner Gordon Gund continues to have a minority stake in the Cavs.
View the Comprehensive Company Description for Cavaliers
The Company Description provides a historical perspective of Cavaliers's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Cavaliers's evolution in the marketplace.
