Cleveland Cavaliers owner Dan Gilbert has returned to his Detroit home after spending more than eight weeks in a rehabilitation center to recover from a stroke suffered in May, according to a statement obtained by Crain Detroit's Chad Livengood.

The billionaire founder of Quicken Loans was discharged from hospital in June, when a representative said he would enter an "intensive rehabilitation program." A video posted earlier this month showed a recovering Gilbert thanking his employees.

Gilbert bought a majority stake in the Cavaliers for $375 million in 2005. Forbes estimated the value of the franchise at $1.3 billion in February.