Cavaliers owner Gilbert suffered stroke

By Anthony Caruso III | Publisher

Cleveland Cavaliers owner Dan Gilbert — who resides in Detroit, Michigan — suffered a stroke on Sunday, Quicken Loans CEO Jay Farner confirmed on Monday. Gilbert is in a hospital in Michigan.

Gilbert got ill on Sunday morning, then was transported to a local hospital. While there, Gilbert suffered a stroke and had a catheter-based procedure.

Cleveland Cavaliers owner Dan Gilbert -- who is also the founder of Quicken Loans and StockX -- attends The Wall Street Journal’s Future of Everything Festival
Dan Gilbert attends The Wall Street Journal’s Future of Everything Festival (Getty Images)

“Dan Gilbert and his family are grateful for the outpouring of support following the news of his hospitalization early Sunday. We appreciate the community’s concern, and with his family’s permission, provide the following update,” Farner said. “Dan was not feeling well Sunday morning so he was taken to the hospital by a family friend. While under care at the hospital, he suffered a stroke and was immediately taken in for a catheter-based procedure, then moved to recovery in the Intensive Care Unit.

“Dan is aware, responsive, and resting comfortably. Dan and his family are immensely grateful to the doctors and nurses, whose early intervention is already paying dividends towards his recovery. We will update the public as additional details become known. Thanks to the strong culture and leadership, Dan has built and grown, business at the Rock Family of Companies will continue under the normal, everyday direction of their respective CEOs. Our collective thoughts and prayers remain with Dan for a speedy recovery.”

Gilbert became the majority owner of the Cavaliers in March 2005. Under his tenure, the team won six Central Division Championships, five Eastern Conference Championships — and one NBA Finals Championship in 2016, which ended a 52-year drought for Cleveland, Ohio teams.

In 2016, the Lake Erie Monsters (now the Cleveland Monsters) won the Calder Cup eight days after the Cavaliers won the NBA Championship.

Gilbert also previously owned the Cleveland Gladiators, who may or may not return to the Arena Football League in 2020. He also owns the Canton Charge, a G-League team.

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