Mark Cuban selling majority stake in Mavericks to Adelsons
- Thread starter dtownreppin214
- Start date
Did he say why he was down money?
When they were talking about Shark Tank and the investments heās made. I forget where in the interview but it was something along the lines of the companies heās put money in has him down
Cuban is keeping 27% stake and as reported control over basketball operations.
Marc Stein:
Mark Cuban's sale of a majority stake in the Mavericks will be voted on at league level Wednesday and is expected to pass comfortably.
League sources tell The Stein Line that Cuban will emerge with a 27% ownership stake in the Mavericks while Las Vegas Sands Corp., which is buying out all of Cuban's previous minority partners, will seize 73% controlling interest.
As I've previously reported, Sands Corp. president and COO Patrick Dumont will be installed as the Mavericks' new governor, with Cuban shifting to alternate governor after nearly 24 years as the Mavericks' majority owner since striking a deal to buy the team from Ross Perot Jr. on Jan. 4, 2000, for $285 million.
Yet the unorthodox sale, remember, calls for Cuban to retain operational control of basketball endeavors for the foreseeable future. And his 27% minority stake is believed to be larger, just to name one example, than Joe Lacobās controlling interest in the Golden State Warriors.
marcstein.substack.com
Marc Stein:
Mark Cuban's sale of a majority stake in the Mavericks will be voted on at league level Wednesday and is expected to pass comfortably.
League sources tell The Stein Line that Cuban will emerge with a 27% ownership stake in the Mavericks while Las Vegas Sands Corp., which is buying out all of Cuban's previous minority partners, will seize 73% controlling interest.
As I've previously reported, Sands Corp. president and COO Patrick Dumont will be installed as the Mavericks' new governor, with Cuban shifting to alternate governor after nearly 24 years as the Mavericks' majority owner since striking a deal to buy the team from Ross Perot Jr. on Jan. 4, 2000, for $285 million.
Yet the unorthodox sale, remember, calls for Cuban to retain operational control of basketball endeavors for the foreseeable future. And his 27% minority stake is believed to be larger, just to name one example, than Joe Lacobās controlling interest in the Golden State Warriors.
Should the Lakers be hoisting a banner for their NBA In-Season Tournament triumph?
We also talk Trade Season, coaching pressures, Luka DonÄiÄ, Joel Embiid and Mark Cuban's stunning sale of a majority stake in the Mavericks in our latest around-the-league dose of Monday Musings
marcstein.substack.com
Didnāt he just say he was down money specifically in regards to the companies he invested in on Shark Tank, not necessarily down money in the more general sense?
Last edited:
He's leaving to focus on Mark Cuban Sandwiches
KFBF
Superstar
Easy to reference this when people want to pretend the NBA is some bastion of moral superiority.
Franchise is horribly ran, turnover is crazy within the ORG.
