Cleveland Cavaliers majority owner Dan Gilbert is slowly adding to his stable of sports franchises with the recent report by Cleveland Scene’s Vince Grzegorek stating that he is in line to complete a purchase of the Cleveland Gladiators, the region’s Arena Football League franchise.
Crain’s Cleveland has piled on to Grzegorek’s news earlier this morning, saying that, though nothing is imminent, the two sides could eventually reach an agreement that would net Gilbert a franchise that would play their contests during the months in which his other two teams are in the midst of an offseason.
Already a member of the ownership team for the Cavaliers as well as the Lake Erie Monsters, Cleveland’s American Hockey League franshise, Gilbert is slowly becoming the prinicpal force behind all teams which play inside of his venue, Quicken Loans Arena, named after the retail mortgage lender which he founded and serves as chairman.
Gilbert is also the driving force behind the pending Horseshoe Casino that will grace the fronts of the Cuyahoga River directly across from the Arena and all of Cleveland’s Gateway District. Given the foot traffic that is expected to be largely rooted in Arena events, Gilbert’s attempt at cornering this market is one of logic. With Gilbert’s cash flow and willingness to spend in order to build, once this transaction is complete, look for plenty of cross-promotion and increased exposure of his brand new acquisition.