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Cleveland Cav's Owner: Is An NBA Team Worth It?

@startup__academy

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27.9K

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+1.5K views over 33.0d · ~45/day · 4 observations

Why it worked

The video leverages the inherent interest in sports team ownership and high-value assets. By framing the discussion around whether an NBA team is a 'good business' and a 'hobby,' it taps into relatable concepts while discussing a high-stakes topic. The inclusion of specific financial figures and the Forbes valuation report adds credibility and intrigue, making the content shareable for those interested in business, sports, and investment.

Summary

The owner of the Cleveland Cavaliers discusses whether owning an NBA team is a good business. He explains that while teams appreciate in value and are a great hobby, they are not typically strong cash flow businesses.

Structure

1Is owning an NBA team a business?
2Teams are like art pieces, limited and appreciating.
3Not a great cash flow business, more of a hobby.
4The value of the Cavaliers has significantly increased since purchase.
5It's a good value and a great hobby.

Product placement

The video features the Cleveland Cavaliers NBA team, showing game footage, players, and the owner, Dan Gilbert. It discusses the team's valuation and purchase price.

On-screen text

Cleveland Cav's Owner: Is An NBA Team Worth It? Dan Gilbert Owner, Cleveland Cavs $23.6 Billion Valuation Nayeema Raza Host, Smart Girl Dumb Questions SMART GIRL DUMB QUESTIONS Businessman buys Cavaliers for US$375 million (Agencies) Updated: 2005-01-04 08:51 At 5-foot-6, Dan Gilbert never had a realistic chance of playing in the NBA. So he discovered another way into the league: owning the Cleveland Cavaliers. Gilbert, founder of the nation's largest online mortgage company, bought the Cavaliers for $375 million on Monday from owner Gordon Gund, inheriting a team that is soaring to new heights with LeBron James. "It's been a long, long dream," said Gilbert, founder of Quicken Loans. "I'm definitely pinching myself. This is something I've talked about since I was a kid 30 years ago." The Detroit businessman heads a group of investors that will assume ownership. $375 million in 2005 Forbes #15 Cleveland Cavaliers TEAM VALUE $4.8B Calculated October 2023 CHAMPIONSHIPS 1 REVENUE $440M OPERATING INCOME $127M DEBT/VALUE 5% PLAYER EXPENSES $170M GATE RECEIPTS $97M WINS-TO-PLAYER COST RATIO 100 REVENUE PER FAN $113 METRO AREA POPULATION 2.2M MEDIA PARTNERS Radio: iHeart Radio Cleveland; TV: Bally Sports Ohio TV: FanDuel Sports Network Ohio Revenue and operating income are for 2024-25 season and net of revenue sharing and arena debt service. Sports & Recreation > Professional Sports Cleveland Cavaliers franchise value from 2003 to 2025 (in million U.S. dollars)

Original caption

Purchasing an NBA team is many people's dream. But it might not be the best investment depending on how you look at it. " It's funny because pro sports teams are like art pieces. There's only so many of them in the world. And they tend to keep going up in value. They're not so great as a cash flow business. I call it my biggest hobby. None of my hobbies are making me 10x plus." - Cleveland Cavaliers Owner, @cavsdan on Smart Girl Dumb Questions #NBA #prosports #cavs #dangilbert #entrepreneurship