Sports News Report
League: WNBASport: BasketballCountry: United StatesCategory: Trades

Cleveland Cavaliers close to selling stake to Blue Owl

Yahoo Sports • 1 min read • Latest: Jun 26, 2026, 5:37 AM

Last updated Jun 26, 2026

Cleveland Cavaliers close to selling stake to Blue Owl
Summary

The Cleveland Cavaliers are on the verge of selling a 5% to 10% stake in the franchise to Blue Owl, a private equity firm. This deal values the Cavaliers and the future WNBA team at a combined $5.5 billion. Blue Owl's sports strategy fund, previously known as Dyal HomeCourt, has invested in several NBA teams, including the Atlanta Hawks and Sacramento Kings. The finalized agreement is expected soon, marking a significant financial move for the Cavaliers.

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Yahoo Sports
Market Watch
  • •Cavaliers nearing a deal to sell minority stake to Blue Owl.
  • •Deal values Cavaliers and WNBA team at $5.5 billion.
  • •Blue Owl already holds stakes in multiple NBA franchises.
  • •Agreement is anticipated to be finalized shortly.
Latest Updates
  • 5:37 AMYahoo Sports — The Cleveland Cavaliers are nearing a deal to sell a …
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The Cleveland Cavaliers are nearing a deal to sell a …

Related Teams & Leagues
Atlanta HawksCharlotte HornetsCleveland CavaliersMinnesota TimberwolvesSacramento KingsWNBABasketball

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