Cavaliers Operating Company, LLC · Cleveland, OH United States
Company Description
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This link will open in a new window 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. To read the full description, subscribe now.
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Key Cavaliers Operating Company, LLC Financials
| Company Type | Private Single Location |
| Fiscal Year-End | October |
| 2007 Sales (mil.) | $152.0 |
| Employees | 1,000 |
Cavaliers Operating Company, LLC Executives
42 executives listed for Cavaliers Operating Company, LLC's Cleveland, OH location.
| Title | Name & Bio | Contact |
| Chairman | Daniel Gilbert | Network |
| Vice Chairman | David Katzman | Network |
| CEO | Mark Stornes | Network |
Competition
Competitive Landscape for Cavaliers Operating Company, LLC
Demand is driven by consumer income and corporate entertainment spending. The profitability of individual teams depends on achieving high fan attendance and a large TV audience, both of which are enhanced by effective marketing and competitive play. Teams in large metropolitan areas have advantages in the population base and TV audience they can draw on, though they may face competition from other teams. Teams in smaller markets, along with less popular sports and minor league teams, can compete by building fan loyalty through local marketing promotions and an appeal to civic pride. Average annual revenue per worker across all sports teams is over $325,000. To read the full description, subscribe now.Top Cavaliers Operating Company, LLC Competitors
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