Cuban Makes Bank 🤑
This mofo gets paid billions and he’s still allowed to play with his favorite toy…
Earlier this week we found out Dallas Mavericks owner Mark Cuban is exiting his long-standing gig at ABC’s Shark Tank and today we learn he’s selling the majority of his shares, 85% to be exact, in the Dallas Mavericks to the Adelson family for $3.5 billion while still maintaining control of basketball operations.
Speaking of which, some of the biggest NBA news back in 2000 concerned a wealthy computer nerd buying the Mavs for $285 million, which seemed exorbitant at the time, but who’s laughing now?
Mark Cuban paid $285 million for the Dallas Mavericks in 2000.
He is now selling his 85% ownership stake in the team.
The team is estimated to be worth approximately $3.5 billion.
Legendary 💪🏻 pic.twitter.com/9iQWn5q2RN
— theficouple (@theficouple) November 29, 2023
Mark Cuban is, that’s who, especially considering that he not only made more than 10x his original investment but still owns a piece of the team and will continue to be solely in charge of basketball operations. In other words, this mofo gets paid billions and he’s still allowed to play with his favorite toy.
The Dallas Mavericks deal is fascinating.
Mark Cuban turns $285 million into $3.5 billion & maintains control — an unprecedented move in sports.
In return, the Adelson family gets a discount on an asset they’ll own for a long time.
Feels like a win-win.pic.twitter.com/WCctAZSf9A
— Joe Pompliano (@JoePompliano) November 29, 2023
NBA rumors abound that this sale might be a precursor for the Mavericks moving to Vegas considering that the family that bought the team are the scions of the deceased casino magnate, Sheldon Adelson, owner of Sin City’s Venetian Resort Hotel & Casino. But a relocation of the franchise has not been confirmed as of this writing, and if it eventually does come to pass it won’t happen anytime soon.
Okay, so Cuban just added a ridiculous amount of dough to his bank account while I’m squinting at how many zeros after the decimal point is my SHIBA INU crypto trading today. I’ve got over 2.8 million shares and they’re worth a grand total of $23.30 so, yeah, consider me jealous.
But what’s going on with Marvelous Mark? At age 65, he’s too old to be having a midlife crisis but too vibrant to be fading off into the sunset. He doesn’t look much different from when he bought the Mavs 23 years ago. He also loves the attention, so it wouldn’t make sense that he’s going to join an over-55 senior living community and play bocci ball with the boys every Wednesday afternoon.
Some have suggested he’s clearing space so he can run for president while others, like me, have no f*cking clue. But something’s up and it won’t be the last time you hear Cuban’s name in the news. The question is, what’s next?!
So I guess this means… Mark Cuban is running for President in 2028? pic.twitter.com/Kvmz0PTiyq
— John Frascella (Football) (@LegendSports7) November 29, 2023
Comments (0)