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  September 5, 2001
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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Cavs/Gund Arena Company

Cavs/Gund Arena Company
 PROFILE
The Cavs/Gund Arena Company has far from a cavalier attitude toward roundball; it owns two Cleveland basketball teams and operates the arena in which they play. Its Cleveland Cavaliers joined the NBA in 1970 as part of an expansion that included the Portland Trail Blazers and Buffalo Braves (now the Los Angeles Clippers). The team spent much of the 1990s providing highlight footage for Michael Jordan, and it still couldn't muster many wins in the 2000-01 season, resulting in the firing of coach Randy Wittman. Owner and chairman Gordon Gund also brought to town one of the eight original Women's National Basketball Association teams, the Cleveland Rockers. The Gunds also own the San Jose Sharks hockey team.

 COMPETITION
Charlotte Hornets (dossier)
Milwaukee Bucks (dossier)
Toronto Raptors Basketball Club Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: October
2000 Sales (mil.): 68.60
1-Yr. Sales Growth: 81.5%
Employees: 150
Revenue per employee: $457,333.33

 KEY PEOPLE
• James C. Boland
    CEO
• Mark Stornes
    CFO

 CONTACT INFO
1 Center Ct.
Cleveland, OH 44115
US
Phone: 216-420-2000
Fax: 216-420-2101
Online: Web Site

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