Blue Owl's HomeCourt Buys Minority Equity Stake in Cleveland Cavaliers-August 2024-www.financetom.com

Blue Owl's HomeCourt Buys Minority Equity Stake in Cleveland Cavaliers

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Blue Owl's HomeCourt Buys Minority Equity Stake in Cleveland Cavaliers

Jul 6, 2026 8:00 AM

10:29 AM EDT, 07/06/2026 (MT Newswires) -- Blue Owl Capital (OWL) said Monday its HomeCourt Partners fund bought a minority equity stake in the Cleveland Cavaliers and related assets.

Team owner Dan Gilbert will retain his majority stake in the basketball franchise, the company said.

Shares of the company were up about 2.7% in Monday trading.

Price: 9.30, Change: +0.26, Percent Change: +2.88

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