Basketball News

American footballer Myles Garrett becomes a shareholder of the Cavaliers

Investing in a sport other than your own is not the prerogative of the NBA player. The Cavaliers have thus made official the arrival of Myles GarrettCleveland Browns player, as a minority shareholder in the franchise, without specifying the amount of the operation.

The American football player joins a group of investors led by the chairman of the board and boss of the Cavs, Dan Gilbert. Selected four times for the Pro Bowl, the equivalent of the All-Star Game, Myles Garrett will also be an official ambassador for the Cavaliers brand.

Myles has become a Cleveland icon and shares our organization’s commitment to being a force for change in the region. We are honored to welcome this long-time friend of the team as a new partner and investor. Myles’ passion and commitment to the city he loves will allow us to reach new communities and build the future of this franchise », Enthuses Dan Gilbert.

I have admired the hard work, tenacity and dedication to the community of the Cavaliers organization since my early days in Cleveland. Having the opportunity to join this impressive and determined franchise, under Dan’s leadership, is truly a dream come true », Appreciates the American football player, also captain of the NFL Waterboys, a charitable organization whose objective is to bring drinking water to populations in need, in the United States and abroad.

For the record, last year, the Ohio franchise was the 17th most valuable in the league, worth $2.05 billion (+24%).

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