<p>CLEVELAND — Cavaliers owner Dan Gilbert has acquired former owner Gordon Gund’s remaining 15% minority share in the franchise.</p>
<p>Gilbert, who built much of his fortune through mortgage lending company Quicken Loans, acquired the Cavaliers from Gund in 2005 for a reported $375 million. On Wednesday, the team said in a statement that Gilbert now has Gund’s final share.</p>
<p>“On a very personal level, Gordon was a dedicated and caring leader that brought integrity and civic pride to the forefront as an organizational imperative, while infusing a business acumen and team strategy that allowed the franchise to position itself well for the decades to come in downtown Cleveland,” the team said.</p>
<p>"Gordon will remain part of the Cavaliers family and we thank him greatly for his leadership, dedication and long-standing support of the franchise.”</p>
<p>The 81-year-old Gund and his brother, George, bought the Cavaliers in 1983 from Ted Stepien for $20 million.</p>
<p>Gilbert was recently listed as the 23rd richest person in the in the world, according to Forbes, with an estimated net worth of $51.9 billion.</p>
<p>The 59-year-old Gilbert has been recovering from a stroke suffered two years ago.</p>
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