How much did Gilbert earn when he bought the knight?

In the past few years, the Cavaliers can be said to be the most successful team in the East. They reached the finals for four consecutive years and won the NBA championship on 20 16. They have three superstars, James, Owen and Love, which are attracting people's attention. Although Jano has left the Cavaliers now, winning the championship is very successful for a small city like Cleveland.

Cleveland is one of the most unattractive teams in NBA, even called by fans? Kecun? . During the Cavaliers 1.0 period, the team could not keep the stars and could not recruit big names in the free market, which led James to lead the team all the year round and then left the Cavaliers. By James 2.0, the team had formed the Big Three. The boss Gilbert realized that James was the cash cow of the league, so he paid the luxury tax relentlessly, and finally achieved good results. Gilbert's worth was also rising.

In 2005, Gilbert bought the Cavaliers for $375 million. Now 14 years have passed, how much has he earned?

Cavaliers were the background board of NBA in their early years, and it was not until James, the chosen son, began to receive more attention. By 2005, Gilbert spent $375 million to become the big boss of the Cavaliers. He invested $27 million to renovate the fast loan arena and added many advanced equipment. In addition, it also spent $25 million to build a training hall for the Cavaliers, which made great contributions to helping the team move forward.

According to the value list of NBA teams published by Forbes in 20 19, the Cavaliers ranked 25th with a value of12.75 million dollars. You know, the Cavaliers ranked 15 in the league in the 18 season, but because of James' departure, the Cavaliers' influence plummeted. However, compared with Gilbert's purchase price in 2005, the team has appreciated a lot. In just 14 years, the Cavaliers appreciated by 900 million dollars.

Many fans believe that there is little room for the Cavaliers to appreciate in the NBA team, not to mention the luxury tax for many years, which has caused the Cavaliers heavy losses. But for Gilbert, the knight is his important asset, but it is not the only asset. He has many industries in Cleveland, and the influence brought by the Cavaliers makes him earn a lot of money.

When Gilbert bought the Cavaliers in 2005, he was worth only $800 million, but now he is worth around $6 billion. Especially after 20 14 James returned to the Cavaliers, Gilbert's net worth rose by about 500 million dollars every year. Because James is the best cash cow in the NBA, Gilbert has no trouble paying luxury tax. For Gilbert, the knight is more like a signboard and a way to make money. Now that James has left the team and the influence of the Cavaliers has declined, Gilbert naturally doesn't want to pay luxury tax any more, but he has been soft and hard in recent years.