Gilbert, Dan - Majority Owner of the Cleveland Cavaliers NBA Basketball Team

Item Number: 131
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Description
(Dan Gilbert is donating tickets for 2 people to watch with him a Cleveland Cavaliers game in the Owner's Suite.)
Daniel Gilbert is the Chairman and Founder of Quicken Loans Inc., which includes Quicken Loans, Rock Financial and Title Source. Gilbert also is majority owner of the Cleveland Cavaliers NBA basketball team.
Quicken Loans is projecting to close $17 billion in residential mortgage loans in 2005. The company employs more than 3,000 people and is ranked as the nation's largest online retail home lender. Rock Financial is Michigan's largest home mortgage company and two of its brick-and-mortar branches in southeast Michigan are the largest retail mortgage branches in the country.
Quicken Loans Inc. is ranked the 12th "Best Place to Work" in America by FORTUNE Magazine. Computerworld Magazine recently ranked the company #1 on its "Best Places to Work in Technology" list. Rock Financial has been voted "The Best and Brightest Company to Work for in Metro-Detroit." The company's website "Quickenloans.com" has been named the "Best of the Web" site by Forbes, Money and PC Magazines.
Gilbert founded Rock Financial Corporation in 1985 as a first-year law student. Gilbert, then 22 years old, served as the Chief Executive Officer and Chairman of the Board. Rock Financial grew into one of the largest independent mortgage banks in the country. In May 1998, Gilbert took the company public. Initially a brick and mortar lender, the company launched "Rockloans.com" in January of 1999, which quickly positioned itself as the leader in online retail mortgage lenders.
In December 1999, Intuit Inc. (makers of market leading software TurboTax and Quicken) purchased Rock Financial. The company was renamed "Quicken Loans" and grew substantially as the leading provider of direct-to-consumer home loans on the Internet, offering mortgages in all 50 states. Gilbert remained at the company as its CEO.
In July 2002, 30 months from the sale of Rock Financial, Gilbert led a small group of private investors and purchased the Quicken Loans subsidiary back from Intuit. While Quicken Loans, Inc. is now 100 percent privately held, the company retains all Quicken Loans branding and marketing initiatives, including partnerships with Yahoo!, MSN.com and AOL.com.
Gilbert became majority owner of the NBA's Cleveland Cavaliers in March, 2005. In the short period he has owned the Cavaliers, he has led a complete overhaul of the front office, coaching staff, player personnel, game presentation, as well as renovated the newly named "Quicken Loans Arena," including new seats, state of the art scoreboards, video systems, sound systems, arena graphics, signage, security, locker rooms, and suite upgrades.
Gilbert also is a partner in private investment group Camelot Ventures, which invests in and operates technology and consumer-based businesses. Some of the past and current investments have included contact lens retailing companies Lens 1st, Lens Express and 1-800-Contacts; Kintana, a technology chain automation software developer; and Red Envelope, a leading online and catalog retailer of stylish gifts. Camelot has recently made a substantial investment in privately held California based non-embryonic stem cell company, Cellerant.
Gilbert was Rawlings Sporting Goods' largest shareholder and was instrumental in effecting the sale of Rawlings to K2 in March 2003. He also has been a partner and investor in numerous commercial and residential real estate ventures including the prestigious Baldwin Park high rise condominium development in Orlando, Florida. He served on the Board of Directors of Great Lakes Bancorp, a publicly-held $3 billion Michigan thrift, and led the move to sell the company to Minneapolis-based TCF Bank.
Gilbert is the president of JARC, a non-profit organization providing housing and services to the developmentally disabled, and sits on the board of The Children's Tumor Foundation (formerly the Neurofibromatosis Foundation) in New York City. He also serves on the Board of Trustees for the Children's Hospital of Michigan Foundation. Gilbert has earned the "Entrepreneur of the Year" award from Ernst and Young in 1999 and was inducted into the Junior Achievement Hall of Fame in May 2003.
Gilbert received an undergraduate degree from Michigan State University, a law degree from Wayne State University and is a member of the Michigan State Bar.
Special Instructions
(Dan Gilbert is donating tickets for 2 people to watch with him a Cleveland Cavaliers game in the Owner's Suite.)
We accept Mastercard, Visa, American Express payments, and cash payments. All money is due by Friday, May 19, 2006.
The executives will meet with the winning bidders at a time convenient to both parties, on or before the end of the 2007 basketball season.