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Usher part of new ownership group of the CAVs

By: Urban Hustler Staff

The Grammy award winning singer is one of the new owners of the Cleveland Cavaliers basketball team. The Cavaliers is home to the NBA's brightest star Lebaron James and was formally owned by businessman Gordon Gund who still retains a 15.5% stake in the team he bought in 1983. The new ownership group is lead by businessman Dan Gilbert. Usher is said to have little more than a 10% stake in the team. Usher joins a growing list of blacks with interest in basketball teams.

  • Bob Johnson - Bob Cats
  • Magic Johnson - Lakers
  • Jay Z - The Nets
  • Nelly - Bob Cats
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 Usher's Empiring Building 101 - 10-06-05 10:30
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 Jay Z 's ownership group gets NBA Board of Governors approval - 14-08-04 04:39
 Nelly has joined the ownership group of Bobcats Basketball Holdings - 22-07-04 05:58
 BET founder Robert L. Johnson sells minority share... - 29-04-04 07:38

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