Blue Owl Capital Eyes Minority Investment in Cleveland Cavaliers

Bloomberg··Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Blue Owl Capital is in advanced talks to acquire a minority stake in the NBA's Cleveland Cavaliers through its Dyal HomeCourt Partners fund, which already holds stakes in the Atlanta Hawks, Sacramento Kings, and Minnesota Timberwolves. The stake is expected to be between 5% and 10%, according to a person familiar with the situation. Sportico values the Cavaliers at $4.86 billion, making the franchise the 16th most valuable team in the NBA. Blue Owl and the Cavaliers declined to comment.

Impact on assets 2

Financials▲ · 2 stocks
Blue Owl Capital Corporation
OBDC
▲ PositiveCapitalrelevance

Blue Owl Capital's fund is acquiring a minority stake in the Cavaliers, a positive capital deployment and investment activity.

Blue Owl Capital Inc
OWL
▲ PositiveCapitalrelevance

Blue Owl Capital Inc's Dyal HomeCourt Partners fund is making a minority investment in the Cavaliers, a positive capital deployment.

Off-coverage companies 5

Atlanta HawksPrivate± Mixed
relevance

Cleveland CavaliersPrivate± Mixed
relevance

Minnesota TimberwolvesPrivate± Mixed
relevance

Sacramento KingsPrivate± Mixed
relevance

SporticoPrivate± Mixed
relevance

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