Founder and Chairman, Quicken Loans and Rock Ventures
Majority Owner, Cleveland Cavaliers
Dan Gilbert is Founder and Chairman of Quicken Loans Inc., the nation’s second largest mortgage lender. He is also Founder and Chairman of Rock Ventures LLC, the umbrella entity for his portfolio of business and real estate investments, and majority owner of the NBA Cleveland Cavaliers. Rock Ventures and its more than 110 affiliated companies across the country employ more than 25,000 team members.
Since 2013, Detroit-based Quicken Loans closed $200 billion in home loan volume across all 50 states, and in 2015, for the sixth consecutive year, earned J.D. Power’s highest rating for client satisfaction among all U.S. mortgage lenders. Quicken Loans is No. 1 on Computerworld magazine’s “100 Best Places to Work in IT” and has been named one of FORTUNE Magazine’s “100 Best Companies to Work For” for 12 consecutive years.
Dan is also a shareholder in several sports-related consumer and technology businesses, including a leading wall graphics company (Fathead), electronic ticketing company (Flash Seats) and innovative sports equipment helmet maker (Xenith). In 2008, Dan acquired One Reverse Mortgage. The company specializes in products that allow homeowners, 62 years and older, the opportunity to convert some of the equity in their homes into tax-free money. One Reverse Mortgage is now the largest retail reverse mortgage lender in the country.
Dan began moving his Family of Companies to Detroit’s central business district in 2010 in an effort to help lead the transformation of a great American city. In January 2010, Dan co-founded Bedrock Real Estate Services, a full-service real estate firm specializing in purchasing, leasing, financing, developing and managing commercial space based in downtown Detroit. Since then, he has invested more than $2.2 billion to purchase and renovate more than 80 commercial properties accounting for more than 14 million square feet in the city’s urban core. Thousands of jobs have been created, and today more than 15,000 Rock Ventures team members work in downtown Detroit.
Dan founded Rock Gaming, a developer and owner of unique urban casinos in Cleveland, Cincinnati and Baltimore. The company acquired Detroit’s Greektown Casino-Hotel in April 2013.
In March 2013, Rock Ventures, in collaboration with the Downtown Detroit Partnership and Detroit Economic Growth Corporation, unveiled and implemented a visionary placemaking and retail plan centered on creating activity and vibrant, distinct destinations to draw people to the region using a multifaceted approach to the planning, design and management of public spaces.
Dan is a Founder and Principal of Detroit Venture Partners (DVP), a venture capital firm that funds startup and early-stage technology companies in Detroit. He is also a Founding Partner of Detroit-based private equity group Rockbridge Growth Equity LLC, which invests in growing businesses in the financial services, Internet technology, consumer-direct marketing and the sports and entertainment industries across the United States.
In September 2013, Dan was named co-chair of the Blight Removal Task Force. The group, appointed by the Obama Administration, published a detailed plan in May 2014 to remove all blighted structures and lots in the city of Detroit. He also serves as Vice Chairman of the M-1 RAIL initiative, which began construction in July 2014. The 6.6-mile light rail system is designed to spur economic development and improve downtown and midtown Detroit’s transportation infrastructure. In 2007, Dan founded Bizdom, a nonprofit entrepreneurial accelerator that trains, mentors and finances business builders in their startup enterprises in Detroit and Cleveland.
Dan serves on the boards of the Cleveland Clinic, the Washington D.C.-based Children’s National Medical Center and the Children’s Tumor Foundation, which is focused on finding a cure for the genetic disorder neurofibromatosis.
He earned his bachelor’s degree from Michigan State University and his law degree from Wayne State University.
Founder, Rock Companies LLC
Vice Chairman, Cleveland Cavaliers
Principal, Rock Gaming LLC
Jeff Cohen is CEO and Founder of the Rock Companies, which includes the following family of companies: Rock Construction Company, Inc., Rock Equities LLC and Rock Management LLC. Rock Construction is a builder and developer that was founded in 1991 and has principal offices in Detroit, Michigan. With its affiliates, the company has developed, built and managed numerous commercial and residential projects including offices, multiple casinos, custom homes, condominiums, apartment communities, sporting arena and practice facilities. Rock Construction is a licensed Michigan residential builder, a member of the Michigan Association of Home Builders, and licensed Michigan real estate broker.
Rock Equities was formed in 2001 as a vehicle for pursuing real estate investment opportunities. Its holdings have included properties in Florida, Michigan, Missouri, North Carolina, West Virginia, Washington and Ohio. Rock Equities has over $1 billion in transactions since its inception.
Rock Management is a property management company that manages many of the Rock Companies’ holdings. Rock Management currently manages over 2,000 residential units, Quicken Loans Arena (The “Q”), the Cleveland Clinic Courts, the Chase Building and the Higbee Building.
In June 2002, Jeff was part of a small group of investors that purchased Quicken Loans Inc. (which today consists of Quicken Loans, Rock Financial and Title Source) from Intuit Inc. Quicken Loans closed a record $80 billion mortgages in 2013. Detroit based Quicken Loans employs more than 10,000 team members nationally and earned the highest ratings for customer satisfaction among all U.S. home loan lenders in a study by J.D. Power and Associates in 2010, 2011, 2012 and 2013.
In 2005, Jeff was part of an investor group that acquired the Cleveland Cavaliers basketball club of the National Basketball Association, becoming its vice chairman in 2009. In addition, he is a Minority Owner in the NBA Development League’s Canton Charge, the American Hockey League’s Lake Erie Monsters, and Fathead, the leader in sports and entertainment graphics.
Jeff is a principal of Rock Gaming LLC, a Midwest-based gaming partnership formed to bring first-class casino gaming to Ohio. Through a partnership with Caesars Entertainment, the group has developed unique urban casinos under the Horseshoe brand in Cleveland and Cincinnati. Since 2010 Rock has overseen the construction of more than 1.5 billion dollars; developing casinos in Cleveland, Cincinnati and most recently Baltimore.
Rock Gaming and Caesars Entertainment also co-own Cleveland-area thoroughbred racetrack Thistledown, which opened as a racino in April 2013, as well as Turfway Park, a thoroughbred horseracing track located in northern Kentucky. Jeff serves on the Rock Ohio Caesars Board of Directors. Rock Gaming is also an investor in Caesars Interactive Entertainment Inc., a Montreal-based online, mobile and social gaming subsidiary of Caesars Entertainment.
Jeff is a principal of Rock Gaming’s affiliate, Athens Acquisition LLC, which acquired a majority interest in Detroit’s Greektown Casino-Hotel in April of 2013. Jeff also serves on the Board of Directors.
Jeff is the former President of JARC Properties—a non-profit organization providing housing and services to the developmentally disabled—and has served on the Board of the Jewish Federation of Metropolitan Detroit. He has also been active in the Juvenile Diabetes Foundation as well as various other charitable organizations.
The Forbes Company, Southfield, Michigan
Cleveland Cavaliers, Vice Chairman
Nathan Forbes is the managing partner of The Forbes Company, a nationally recognized developer, owner and manager of luxury shopping destinations throughout Michigan and Florida. These landmark retail properties include the highly acclaimed Somerset Collection in Troy, Michigan, The Mall at Millenia in Orlando, The Gardens Mall in Palm Beach Gardens, and Waterside Shops in Naples. The Forbes Company has recently announced a new retail project at Miami Worldcenter in downtown Miami.
In June 2002, Forbes was part of a small group of investors that purchased Quicken Loans (which today consists of Quicken Loans, Rock Financial and Title Source) from Intuit Inc.
In 2005, Forbes was part of an investor group that acquired the Cleveland Cavaliers basketball club of the National Basketball Association. The group has renovated the newly named “Quicken Loans Arena”, (known as “The Q”) including new seats, state-of-the-art scoreboards, video systems, sound systems, arena graphics, signage, security, locker room, suite upgrades, as well as the new state-of-the-art 55,000 square foot Cavalier Practice Facility named Cleveland Clinic Courts.
In 2006, Forbes was part of an investor group that acquired and currently operates Fathead LLC, which licenses and sells life size colorful wall graphics.
In November 2009, Forbes was part of a group that successfully backed a state constitutional amendment bringing casino gaming to Ohio.
Currently Rock Gaming LLC’s portfolio of gaming and entertainment offerings includes Horseshoe Cleveland, The Ritz-Carlton Cleveland, Horseshoe Cincinnati, Horseshoe Baltimore and Greektown Casino-Hotel in Detroit. Other properties include thoroughbred racetracks ThistleDown Racino in North Randall, Ohio and Turfway Park in Florence, Kentucky. Rock Gaming is also a partner in Caesars Interactive Entertainment Inc., the largest online, mobile and social gaming company focused on casino entertainment.
Forbes earned a Bachelor of Arts degree from the University of Michigan, and serves as its Chair on the Greater Detroit Campaign Leadership Council for the Victors for Michigan Campaign. Forbes and the company’s respective properties are actively involved in numerous charitable endeavors and organizations. Forbes is honored to serve on the College for Creative Studies Board of Trustees, and most recently he was appointed to the Board of Directors of the Detroit Institute of Arts and is a member of their Executive Committee.
David Griffin was named the 10th General Manager in Cleveland Cavaliers history on May 12, 2014. As the GM, he manages all aspects of scouting, personnel and player acquisitions. He also oversees the operations of the Cavs exclusive NBA Development League affiliate, the Canton Charge. In addition to those responsibilities, he supervises the Cavaliers performance team, who care for the medical needs and physical development of each player. With community involvement being integral to Griffin’s focus with the team, he also guides the player appearance committee (PAC) for the business side of the Cavs organization.
Since being named general manager, Griffin has repositioned the organization for continued and sustainable success via the draft and trades, while managing the salary cap to sign key free agents in the summer of 2014. After hiring one of the most successful coach’s in Europe, David Blatt, Griffin signed two-time NBA All-Star Kyrie Irving to a contract extension, while bringing free agents James Jones, Shawn Marion, Mike Miller and four-time MVP LeBron James to Cleveland. He also acquired three-time NBA All-Star Kevin Love via trade this past summer. Griffin was the acting GM for the Cavaliers’ final 33 games of the 2013-14 season in which the team had a 17-16 record following his appointment. He joined the Cavaliers as vice president of basketball operations in September 2010, managing all basketball and front office matters while overseeing the team’s scouting and player personnel areas.
Prior to joining the Cavaliers, Griffin spent 17 seasons with the Suns, the last three as the club’s senior vice president of basketball operations after being named to the position in June 2007. After originally joining the Suns basketball communications department in 1993 as an intern, Griffin saw his responsibilities steadily grow due to his passion, work ethic and analytical expertise.
After aiding the club’s media relations efforts for four seasons, Griffin moved to the basketball operations side in 1997, with a primary focus on statistical analysis, draft and free agency information, video preparation and scouting reports. Along the way, Griffin held the titles of assistant general manager of player personnel, director of player personnel, assistant director of player personnel and basketball operations assistant with the Suns.
The Phoenix native graduated from Arizona State in 1995 with a degree in political science. He and his wife, Meredith, reside on the east side of Cleveland.
Assistant General Manager
Trent Redden was promoted to assistant general manager in September of 2013. In his role, he works closely with Cavaliers General Manager David Griffin on
basketball and front office matters, including scouting and player personnel areas. He also manages the college draft process, which includes scouting all of the top draft prospects nationally.
He previously served as the director of college player personnel and prior to that was the team’s basketball operations manager/scout. Redden began with the Cavaliers as a basketball operations intern in 2006 and was then hired full-time as the basketball operations assistant in August 2007.
Redden graduated Magna Cum Laude in 2006 from Southern Methodist University where he earned degrees in accounting and public policy. The Portland, Oregon native played basketball for two years for the Mustangs.
Redden resides in Cleveland, Ohio.
Director of Pro Player Personnel
Koby Altman was promoted to director of pro player personnel for the Cleveland Cavaliers in September 2013. He originally joined the Cavs as pro personnel manager
in August 2012. In his role as director of pro personnel, Altman coordinates the team’s domestic professional scouting efforts and assists General Manager David Griffin with other player personnel related matters.
Prior to joining the Cavaliers, Altman served as an assistant coach at Columbia University for two seasons, where he also led Columbia’s developmental basketball program.
In addition to his duties at Columbia, Altman has extensive experience with the USA Basketball program. In the summer of 2010, he served as the Team Manager for USA Basketball’s Under-17 team at the inaugural FIBA Under-17 World Championship in Hamburg, Germany. That 17-and-under squad won the first gold medal to ever be awarded for that age group and featured three players selected among the top 10 in the 2012 NBA Draft. In 2009, he assisted Team USA’s 19-and-under team in the FIBA Under-19 World Championship in Auckland, New Zealand. That squad also won the gold, its first in that age group since 1991.
Altman spent the 2009-10 season at Southern Illinois as a graduate assistant after earning his master’s degree in sport management at UMASS. While earning his degree at UMASS, he coached at nearby Amherst College for two seasons and helped guide the team to a 48-11 record. He played collegiately at Middlebury College, where he
was a three-year starter at point guard.
Chief Executive Officer, Cavaliers/Quicken Loans Arena
Len Komoroski is Chief Executive Officer of the Cleveland Cavaliers and Quicken Loans Arena organization. The organization includes the Lake Erie Monsters (AHL), Cleveland Gladiators (AFL), and Canton Charge (NBADL). In addition, he plays a leadership role for business operations and business-related endeavors for Cavs majority owner Dan Gilbert’s family of sports and entertainment interests in Ohio. He is also a principal in Rock Gaming, which operates Horseshoe Casino Cleveland. Most recently, he played a significant leadership role in securing Cleveland as the host city for the 2016 Republican National Convention.
With more than 30 years of experience in pro sports and entertainment, Komoroski’s leadership has helped set a solid business foundation from which the Cleveland Cavaliers, Lake Erie Monsters, Cleveland Gladiators, Canton Charge and Quicken Loans Arena have flourished into one of the most successfully operated sports and entertainment organizations in the country.
Komoroski joined the Cavaliers organization in 2003 as president. In his first year he restructured and transformed how the Cavaliers approached the business community; assembled a team of top sports marketing pros; transformed the organization’s communications efforts; and oversaw the development of one of the most dynamic game experiences in the NBA. Other accomplishments at the helm of the Cavaliers business operations include playing pivotal roles in developing one of the top cable television relationships in the NBA with Fox Sports Ohio, as well as securing the entitlement of the Cavaliers new state-of-the-art player development center - Cleveland Clinic Courts.
The Cavaliers franchise has been repeatedly recognized within the pro sports team industry (NBA, NFL, NHL, MLB and MLS) as one of five finalists for Sports Business Journal’s prestigious “Sports Team of the Year” award in recent years. The award recognizes excellence, creativity and innovation in franchise business operations.
As one of the seven Principles of Rock Gaming, Komoroski played an instrumental role in bringing first-class, full-service casino gaming to downtown Cleveland and Cincinnati along with thousands of jobs and millions of dollars of positive economic impact for local and statewide communities.
Very active as a community and civic leader, he serves on the board of directors of the Greater Cleveland Partnership, the Downtown Cleveland Alliance, the Cleveland State University Foundation, and the Cleveland chapters of the American Red Cross and United Way. He is also Chairman of the Board for Destination Cleveland, Cleveland’s convention and visitor’s bureau. Komoroski was named Sales and Marketing Executives of Cleveland’s (SME) 2013 Business Executive of the Year, and in 2014 received the PRSA John Hill Award for outstanding understanding of and support for communications by an organization's president or chief executive officer.
Prior to joining the Cavaliers organization, Komoroski was the Senior Vice President and Chief of Business Operations with the NFL’s Philadelphia Eagles (1996-2003). There, he played a pivotal role in the Eagles’ growth and business success, which included bringing the Eagles Television Network in-house and helping to broker the record-setting, multi-million dollar naming rights deal for the Eagles training facility, the NovaCare Complex; development of Lincoln Financial Field, the Eagles state-of-the-art stadium and secured a 20-year, $140 million naming rights agreement with Lincoln Financial Group which, at the time, was one of the largest such agreements in pro sports history.
Prior to the Eagles, Komoroski was the Senior Vice President and COO of the International Hockey League’s (IHL) Cleveland Lumberjacks (1994-96). The team was one of three profitable IHL teams in 1996. His first stint in the NBA was with Minnesota Timberwolves as Vice President of Sales (1988-1994), there he played a major role in the start-up of the team and its arena, the Target Center.
Komoroski is a 1982 cum laude graduate of Duquesne University. He and his wife Denise have three daughters – Kristin, Kelly, Jamie and a son, Zachary.
President of Business Operations
Cleveland Cavaliers, Lake Erie Monsters, Cleveland Gladiators, Canton Charge & Quicken Loans Arena
Kerry Bubolz is a seasoned sports marketing executive with more than 20 years of experience in the industry and is in his 12th season with the Cleveland Cavaliers and Quicken Loans Arena organization. As president, business operations for the Cavaliers and Quicken Loans Arena, he oversees all sales, marketing & communications for the National Basketball Association organization and Arena. He also serves as president and alternate governor for all minor league teams owned by the Cavaliers Operating Company including the Lake Erie Monsters of the American Hockey League, the Canton Charge of the NBA Development League and the Cleveland Gladiators of the Arena Football League.
As president of the Lake Erie Monsters, he oversees all business aspects of the team’s operation and serves as the franchise’s liaison with the Monster’s National Hockey League affiliate, the Columbus Blue Jackets. He is a member of the AHL’s Board of Governors, where he sits on the Team Business Services Committee. The team is in the 8th Season under Dan Gilbert’s ownership.
Kerry played a leadership role in the Cavaliers’ acquisition of an NBA Development League franchise and the launch of the new franchise in Canton, Ohio in July of 2011. The Canton Charge began play in the 2011-12 season and at the time was just the fifth franchise in the league to be exclusively owned and operated by an NBA team.
Kerry was also instrumental in the purchase of the Arena Football League’s Cleveland Gladiators in 2012. Previously a tenant of The Q, Kerry helped lead the Cavaliers organization in assuming ownership of the team prior to the start of the 2012 AFL season. The Team recently finished the 2014 Season with a 19-2 record and a trip to the AFL Arena Bowl.
Prior to coming to the Cavaliers Operating Company, Kerry served as the vice president of sales for both the Carolina Hurricanes of the National Hockey League and Southwest Sports Group, which includes the Dallas Stars of the NHL and Texas Rangers of Major League Baseball. Prior to his roles in Carolina and Dallas, Kerry worked in professional hockey in Northeast Ohio, serving in many roles with the Cleveland Lumberjacks of the International Hockey League during his six years with the team. His roles included president, chief operating officer from 1997 to 2000 and senior vice president of business operations from 1996 to 1997.
Prior to his role as president of the Cleveland Lumberjacks, Kerry spent five years in a variety of roles in minor league sports, including general manager of the Wichita Falls Texans of the Continental Basketball Association, assistant general manager of the Quad City River Bandits of the Midwest Baseball League and administrative assistant for the Tulsa Drillers of the Texas Baseball League.
Kerry is a graduate of Oklahoma State University. He graduated in 1989 with a degree in Business/Marketing. He resides in Avon Lake, Ohio, with his wife Melissa and daughters Madison and Emma.