"To me, NBA franchises are like pieces of art. There are only 30 of them. They aren't always on the market, especially a franchise that would have been such a natural fit ... If you just looked at the Cavaliers in terms of revenues, profits and balance sheets -- and you paid this amount for it -- people would say "You're insane! You're nuts." But if you look at all the tentacles, the impact on our other venues, it makes tremendous sense. We have now opened a Cleveland office [of Quicken Loans] and that's tremendously successful. Our employees love it that we're associated with the Cavs and can come to games -- that helps us attract and keep better people. There are a lot of non-profit things that can be done with pro sports. It brings an unbelievable amount of excitement."
Quote is from here.
Yes, well, that was when Mr. Gilbert had LaBron James on his team. Poor man had his heart broken, no doubt.
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