Cavs owner Dan Gilbert moving closer to selling minority stake in the franchise: Reports

Cleveland Cavaliers owner Dan Gilbert is nearing a deal that would see investment firm Blue Owl Capital Inc. acquire a minority stake, likely between 5% and 10%, in the franchise. This move is expected to value the Cavs at a staggering $5.5 billion. Such a transaction could provide significant financial resources for team operations and future investments, while also allowing Gilbert to diversify his ownership portfolio. The sale could impact team management decisions and the overall direction of the franchise.