Online Casino Wants to Buy NBA Team
16 Dec 2004
CLEVELAND, Ohio – As reported by the Cleveland Enquirer: "An Internet casino operator said Wednesday that it is willing to outbid a Detroit businessman for the Cleveland Cavaliers, which possibly could open a bidding war for the NBA team.
"Casino Fortune, which bills itself as the world's oldest online gambling company, said it has submitted a letter to owner Gordon Gund that outlines its intent to buy the Cavaliers.
"Last week, Gund, who bought the Cavs in 1983 for $20 million, said he was in serious negotiations with a potential buyer.
"…Spokesman Kevin Mercuri said the casino company has proposed meeting with Gund and team executives next week…"