Sports Community Mourns the Loss of Iconic Owner

Cleveland sports icon Nick Mileti, founder of the Cavaliers and former owner of the Indians, dies at 93, leaving behind a legacy that shaped the city’s sports landscape.

At a Glance

Nick Mileti, founder of the Cleveland Cavaliers and former owner of the Cleveland Indians, passed away at age 93.
Mileti was a key figure in bringing the NBA to Cleveland in 1970.
He owned multiple sports franchises, radio stations, and helped construct the Richfield Coliseum.
Mileti’s influence extended beyond sports, contributing significantly to Cleveland’s cultural landscape.
He was inducted into the Cavaliers’ Wall of Honor in 2019 and received a championship ring from the 2015-16 title team.

A Visionary’s Final Farewell

The Cleveland sports community is in mourning following the passing of Nick Mileti, a true pioneer who shaped the city’s sports landscape for decades. Mileti, who founded the Cleveland Cavaliers and once owned the Cleveland Indians, died peacefully in his sleep at the age of 93 in Rocky River, Ohio. His death marks the end of an era for Cleveland sports, leaving behind a legacy that continues to influence the city’s athletic culture.

Mileti’s impact on Cleveland sports cannot be overstated. In the 1970s, he emerged as a dominant force in the local sports scene, simultaneously serving as president of the Indians, the Cavaliers, and two hockey teams. His energetic and imaginative approach to sports promotion set him apart, earning him a reputation as one of the most influential figures in Cleveland’s sporting history.

We are saddened to learn of the passing of Nick Mileti, the beloved founder whose passion and vision ignited the spirit of Cavaliers basketball in our great city. A true pioneer in the world of sports, Nick was not just a leader; he was a dreamer who transformed that dream into… pic.twitter.com/mw6QifgGEL

— Cleveland Cavaliers (@cavs) August 22, 2024

Building a Sports Empire

Mileti’s journey in sports ownership began in 1968 when he purchased the Cleveland Barons and Cleveland Arena. However, his most significant contribution came in 1970 when he brought the NBA to Cleveland by founding the Cavaliers. In a move that demonstrated his business acumen and community engagement, Mileti sold shares of the Cavaliers at $5 each, raising $2.25 million for the expansion fee.

“A true pioneer in the world of sports, Nick was not just a leader; he was a dreamer who transformed that dream into reality for countless fans in Cleveland,” the Cavaliers said in a statement. “Nick Mileti changed the course of Cleveland sports history, and his passion and commitment will be deeply missed.”

Mileti’s influence extended beyond basketball. In 1972, he purchased a controlling interest in Cleveland’s MLB team, then known as the Indians. He also played a crucial role in overseeing the construction of the Richfield Coliseum, which became an iconic venue for sports and entertainment in Northeast Ohio. Furthermore, Mileti bought and moved a World Hockey Association franchise to Cleveland, renaming it the Crusaders, adding to his growing sports empire.

A Legacy Beyond Sports

Mileti’s entrepreneurial spirit wasn’t confined to sports. He owned two of Cleveland’s largest radio stations, demonstrating his understanding of the media’s role in promoting sports and connecting with fans. After selling his stake in the Cavaliers in 1980, Mileti moved to California to produce and finance plays and movies, showcasing his diverse interests and business acumen.

“I have often heard people say, ‘It’s not how long you live, but what you live for,'” former Cavs star Jim Chones said. “Nick was rewarded with longevity because he touched many in his mission to make Cleveland great again. His voice was soft but confident, demanding attention. He loved Cleveland, and Cleveland loved him.”

In recognition of his immense contributions, Mileti was inducted into the Cavaliers’ Wall of Honor in 2019. He was also awarded an NBA championship ring from the Cavs’ 2015-16 title team, a fitting tribute to the man who laid the foundation for professional basketball in Cleveland.

As Cleveland bids farewell to Nick Mileti, his legacy as a visionary leader, passionate sports promoter, and dedicated Clevelander will continue to inspire future generations. His life serves as a testament to the power of dreams, determination, and an unwavering commitment to one’s community.