• Cavaliers Nearing Deal To Sell Stake To Private Equity Firm Blue Owl At $5.5 Billion Valuation

    The Cleveland Cavaliers are nearing an agreement to sell a 5% to 10% minority stake to private equity firm Blue Owl, valuing the NBA franchise and Cleveland's incoming WNBA team at a combined $5.5 billion, according to a source familiar with the terms.Blue Owl's sports strategy fund, originally named Dyal HomeCourt, already holds limited partner stakes in the Atlanta Hawks, Charlotte Hornets, Minnesota Timberwolves and Sacramento Kings.
    Cavaliers owner Dan Gilbert will retain his majority stake

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