Daniel Gilbert Statement Regarding the Milwaukee Brewers

DETROIT--()--Sept. 27, 2004--As rumored in the press for several months Daniel Gilbert, Founder and Chairman of Quicken Loans in Livonia, Michigan, has been actively negotiating to purchase the Milwaukee Brewers. Last Thursday, September 23, 2004, the negotiations were terminated and there is no longer any valid offer outstanding by Mr. Gilbert to purchase the team.

"I am deeply disappointed that the Brewers have chosen another direction in the sale of the club. After nearly eight long months of negotiations, I believed we were on the verge of announcing a deal when I was informed of the Brewers decision to sell the team to another party," Gilbert said.

"During this time I have come to know the passion, loyalty and dedication the fans in Milwaukee have for the Brewers. I will always be grateful for the many emails and letters I received encouraging me to purchase the team during this process. It is truly one of the great sports towns in America."

"I also want to wish the entire current ownership team of the Brewers and the eventual new owner(s) of the franchise the best of luck in concluding their transaction and hopefully delivering to Milwaukee the competitive team their fans and city deserve. I believe the seeds for a positive future have been put in place and the potential for bright days ahead is real," Gilbert concluded.

Contacts

For Investor Daniel Gilbert
Elizabeth Jones, 734-805-7137
ElizabethJones@Quickenloans.com

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Contacts

For Investor Daniel Gilbert
Elizabeth Jones, 734-805-7137
ElizabethJones@Quickenloans.com