The REAL Reason Why Mark Cuban Had to Sell the Dallas Mavericks...

Рет қаралды 496,646

Күн бұрын

Dive deep into the surprising turn of events as Mark Cuban, the iconic owner of the Dallas Mavericks, sells his majority stake in the team after 23 years. In this video, we unravel the REAL reason behind Cuban's decision, exploring the pivotal moments in Mavericks' history under his ownership, from turning them into NBA champions to the recent sale.
As the team enters a new era with Dr. Miriam Adelson and the Adelson family taking ownership, questions arise about the future of the Mavericks. Find out why Cuban chose this moment to sell and how his ambitious plans for a new arena and casino play a crucial role in reshaping the franchise's destiny.
Join the conversation by sharing your thoughts in the comments below. The Mavs' journey post-Cuban is uncertain, but with a billionaire backing and Mark Cuban's continued involvement, exciting times lie ahead.
#MarkCuban
#DallasMavericks
#NBAOwnership
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I do not take any ownership of the music displayed in this video. Ownership belongs to the respected owner(s). Used under fair use policy.* Music used for entertainment purposes displayed in this video. Ownership belongs to the respected owner(s). Used under fair use policy.* Music used for entertainment purposes only.

Пікірлер: 313

@daindigokid 5 ай бұрын

video starts here: Mark Cuban Sell 7:19

@Thomas-lh4hf 5 ай бұрын

@vp3179 5 ай бұрын

@fredbarnes196 5 ай бұрын

It never starts

@melanatedwarrior3530 5 ай бұрын

🙏🏽

@alexlindsey6446 5 ай бұрын

@@fredbarnes196 No, it certainly does not.

@pfpchad2747 5 ай бұрын

Cuban bought the team for $285 million and sold it for around $3.5 billion. I'd say that's a great profit. I'd have sold as well.

@TheGuillotineKing 5 ай бұрын

He only made 3 million dollars after the sale

@pfpchad2747 5 ай бұрын

@@TheGuillotineKing He's going to make more than $2 billion from the sale.

@Justmekpc 5 ай бұрын

@@TheGuillotineKingbillion 3.25 billion

@Justmekpc 5 ай бұрын

@@tucker4585 no matter how you slice it he made a lot of money and still owns 27% of the team

@NATESINTERACTIVEAUTO 5 ай бұрын

Inflation makes a much bigger difference than you may think. Have a great day.

@bryanrobinson6079 5 ай бұрын

Essentially nets 3 bil return on his original investment. Keeps 27% minority ownership of the team. New majority owners are going to build a new arena with casino/hotel complex. Wait another 10-15 years his 27% minority stake will probably be close to equivalent of said sale of team a week ago. Smart business 💯

@cas6811 5 ай бұрын

Naaaah. The franchise was valued at $4.5B then recently $3.5B which was the base value for the team value they agreed on. Cuban was majority owner meaning at least 51% stake. If he has 27% now he sold at least 24%, providing him a sale of $840M. If he had $500M in debt he netted $740M NOBIDY said he's paid off any debt with it. Do the math.

@ohiunku 5 ай бұрын

@@cas6811if you buy the business you buy the debt unless debt pay off is part of the deal. The debt wasn’t personally owned. The debt was being serviced

@salaparo2975 5 ай бұрын

And it all means absolutely nothing if the country explodes F him

@sweepingdenver 4 ай бұрын

@@cas6811The numbers aren’t exactly clear (and I’m too lazy to google) but the video said that Adelson had to sell $2B in stock to make the purchase. That doesn’t agree with your numbers.

@DPR-GENX 5 ай бұрын

He's not really in debt because, like most of the elites, he has stashed the majority of his wealth in offshore corporation tax havens. He shows a loss in the US where he is taxed so he owes little or no tax, while the offshore corporations hold the majoriy of his wealth. Same thing most of the richest families have been doing for a long time.

@jonq8714 5 ай бұрын

I've had my pitchfork ready for a long time.

@circaen 5 ай бұрын

@@jonq8714 Because you are simple. Mark could pay all his wealth in taxes & you would still be poor. The U.S. would still be 20+ trillion in debt. Let him keep his money.

@jonq8714 5 ай бұрын

@@circaen okay bootlicker. You call me simple, but you've been brainwashed into carrying the water for billionaires who wouldn't care if your entire family dies and who are responsible for the destruction of the entire global ecosystem on which we depend. You need to reevaluate your positions because if you don't hold the opinion that people as wealthy as Bezos and Gates shouldn't exist then you're an active participant in our destruction.

@nunyabiz1780 5 ай бұрын

@@circaen sure, when we all can

@circaen 5 ай бұрын

@@nunyabiz1780 The majority of American do keep their money & then get more.

@mallred32 5 ай бұрын

Cuban knows the price of these teams are still at all time highs, but the truth is the league is in a major decline. Selling the top is smart. Tv rating are in major decline.

@deanjekic8201 5 ай бұрын

Tv ratings don't mean anything,the gambling of sports is worth 20 times the entire industry itself,it's all about the bets

5 ай бұрын

@@deanjekic8201 20x... it's proportionate, sure many watch online but there are many (esp in very different time zones) who watch highlights, various montages... Maybe pay to watch game from time to time, or watch it on p2p streaming platform

@BLACK_MikeHammer 5 ай бұрын

If the league is in major decline how are the players salaries at all time highs? You have role players, 12th guys on teams making $4M/yr... How can the owners afford such salaries of their league is in decline?

@realtalk6195 5 ай бұрын

@@BLACK_MikeHammer Both things can be true at the same time, bud. NBA makes money from international TV fees and domestic TV fees have gone as up as well. But since TV viewership has been going down, at some point the fees will as well. That's why the OP is right that it's at a peak. Mark Cuban has alluded to this in the past himself.

@anthonyburks3075 4 ай бұрын

because of tv contracts. The is league viewership is in major decline one reason is due to people streaming and not watching cable tv.@@BLACK_MikeHammer

@newunderthesun7353 5 ай бұрын

The best thing about the sale is that we don't have to listen to cuban brag about owning the mavs any more.

@Vutsman1 5 ай бұрын

Yeah and how successful he is and Trump ain't.

@newunderthesun7353 5 ай бұрын

@@Vutsman1 🤣🤣🤣🤣🤣

@jimmymac601 4 ай бұрын

At least he was more successful than the USFL.

@inertiaspinner555 4 ай бұрын

@@Vutsman1funny how Adelson family funds Trump and now they just bailed out Cuban🤣

@boogiebello9464 19 күн бұрын

Mark was not bailed out. Both parties are aiming for bigger stuff

@indianapapi 4 ай бұрын

He made a more extensive play. Selling the majority of the Mavs to buy in on bringing casinos here will net him way more money than the Mavs can ever get him. The tourism potential is much more than the potential of Mavs. Cuban wins major on this deal. On top of that, a new Universal theme park is going up in the north suburb. Dallas continues to attract many Fortune 500 companies to move headquarters to the DFW area. Two airports and an expanding rail system, and the casino buyer already owns the land where the old Cowboys stadium used to be in Irving. This means that is where the casino will go once the bill is approved. They hope to turn Dallas into Vegas, but with more culture and things to do, it would be closer for those in the Midwest or the East to travel to. Vegas will always be Vegas, just like Atlantic City will always be there; this will be the Midwest version.

@boogiebello9464 19 күн бұрын

Well Said .. big plans coming to big D

@harveylin3548 12 күн бұрын

Honestly if it wasn't for me already know someone in my current city that I moved to, I would have moved to Dallas instead.

@memorylane3457 5 ай бұрын

Click bait title. Nothing was said.

@jerry25a 5 ай бұрын

Yes, they had no scoop. Glad I jumped to the end. Cuban sees the NBA having peaked.

@michaelkukich3527 4 ай бұрын

Exactly, as if some random digital content creator has insider information on Mark Cuban's finances. Cuban is taking his billions and going into real estate, hospitality and gambling. He sold to the younger version of himself, Patrick Dumont. Dumont is 45 and married into the Adelman fortune. Sands Corp. is a global player in casino resorts.

@Al-yf7tm 5 ай бұрын

Clearly the reason(s) he is selling is not what he is saying.

@PlanetJigobotTV 5 ай бұрын

He did whatvhe could, got a chip, i guess its time to go😢 Big ups to all he did for the team and the game.

@FMD023 5 ай бұрын

Wow this is shocking news to me. The mavs was his baby and life. Great business move on him. He truly is a businessman. He’s always selling something. He did a skit with GQ on things he can’t live without and dude is a born salesman

@primoxxl71 5 ай бұрын

The NBA is in severe decline and Cuban knows it. He will take a boat load of cash and sail far away from this disaster of an asset.

@DavidPierre-zm5qq 5 ай бұрын

Seen him in the line for Snap benefits

@HototoManyGoats 5 ай бұрын

Cuban is building a 1 billion dollar bunker.

@klipchegaming 5 ай бұрын

gambling ruins peoples lives. all these states chasing dollars over values. pathetic.

@arresthillary9502 5 ай бұрын

truth

@boogiebello9464 19 күн бұрын

Shut up

@johnjohnson8364 4 ай бұрын

All the stadium staff got a piece of the sale after the chrck ceared ❤ now thats love ...real love for your workers 💯🙏

@chris75313 23 күн бұрын

I think he recognizes the NBA for the bubble that it is. Things are headed in a very unsustainable direction. We talking marquee players making over a million a game who might play or might not play and nose-bleed tickets approaching $100 to see the Charlotte Hornets on a random Tuesday. At some point these networks are gonna get caught holding the bag, the demand and revenue isnt going to be there to hold it all up, there will be lockouts and those valuations will plummet.

@Greg-io1ip 11 күн бұрын

NBA has been blacked out largely off network TV since Adam Silver came in, yet still in high demand. Players indeed at an overvaluation, because sponsorships will be restructured when all the Gaza meddling is exposed and prosecuted under RICO. Players will have agents not part of what's happening in all sports right now. Sports will deliver news and advertising. For profits. But the local markets will be the beneficiaries and owners will have to cope with morals and ethics clauses, which shall include RICO exposure and 100% forfeiture. It's coming. Americans win again.

@user-be9ql9oe4l 5 ай бұрын

Maybe mark wants to build a NBA team in Las Vegas

@richardciarlante 5 ай бұрын

fat chance

@user-be9ql9oe4l 5 ай бұрын

You’re not seeing the bigger picture Las Vegas has a football team a hockey team and nascar I’m sure Mark will build a basketball team in Las Vegas

@dgilroy26 5 ай бұрын

He still will run things. Team values might be at a peak. $3.5 billion

@Kushenable 5 ай бұрын

cuban did everything right as we know

@markrouse2416 4 ай бұрын

The Mavericks are headed to Los Vegas. I live in Dallas and can say without a doubt that the NBA is hardly on the radar.

@iraeaglemind 4 ай бұрын

Very shocking!Never would I have seen this coming.

@alihakimi1707 5 ай бұрын

Probably selling cause he knows what’s coming and is taking the money to build his bunker

@stanleywalus9771 5 ай бұрын

As a businessman OK, his BB owner 👎👎 losing organization. I believe all NBA teams have grown by same %. How brilliant is that. To involved.

@jjrojas310 5 ай бұрын

The reason why he sold a huge stake in the Mavericks, well let’s start with all the billionaires are building bunkers this year for some strange reason and Mark is one of them Mark needs the capital to build his bunker and he has a soft heart so he decided to give his employees bonuses as he know that something will happen to them.

@donduv4332 5 ай бұрын

He got squeezed like Michael Jordan 😮

@lesm3870 5 ай бұрын

I lived in central TX in the 90s when they had Kidd, Mashburn and Jim Jackson and they were still terrible. Like the Wizards now. Cuban is the best thing to happen to them.

@dabronxguru1824 4 ай бұрын

Billionaires looking to make more billions while regular folks are hurting for money! That’s a casino, sports books and political move. He got a sweet deal!

@lhart99 5 ай бұрын

I seem to me that Mark Cuban is a pretty smart business man. He was able to do what he loved, which was own a sprots team, while simultaneously increase his wealth. I guess the old saying, "It takes money to make money," is still relevant. 🙂

@bobbiewallace4008 4 ай бұрын

Mark Cuban is a billionaire. He's definitely not going broke

@vdoggydogg3922 5 ай бұрын

He sees the downturn of the NBA coming and getting out of a majority position now. Buy low sell high.

@Blizzie85 4 ай бұрын

Mark Cuban's celebrity as an NBA owner is similar to Jerry Jones as an NFL owner, must be a Dallas thing. Lol

@pablodebella7695 Ай бұрын

"The arena is more than 20 years old" lol thats 1st world for you, in southamerica any building that has 20 years is considered almost new xD

@brandoncarson8621 5 ай бұрын

He said he if wasn't have fun any more he would sell the team

@Joseph70663 4 ай бұрын

The NBA brings in over $10 billion in annual revenue with nearly $3 billion in profit. That makes the world's biggest basketball league also one of the world's most profitable sports leagues

@JamesJordan-mz3nn 4 ай бұрын

Come on If I can get 3 billion plus back, on a $285 million dollar deal. Plus still have control of the Mavericks... Where do I sign 🎯

@user-vt1pq5yw8b 5 ай бұрын

See how many people come to visit now with open boarders.

@Nerosung 5 ай бұрын

Nobody’s watching TV anymore that’s what Mark telling you!! Tv and cell phone streaming are two different things in this industry. Mark cubing is trying to stay ahead of the game.

@salaparo2975 5 ай бұрын

Mirror Mirror on the wall who's the greatest of them all ? ME Mark Cuban

@charlescohen6140 5 ай бұрын

His new shoe lifts cost a lot more than he ever thought but now he can say he is over 5’8”. Congrats!

@Damianoutlaw 5 ай бұрын

Mark Cuban is around 6'2 or 6'3

@jessekauffman3336 5 ай бұрын

Cuban is what an owner should be

@doc-vg9lq 5 ай бұрын

Cuban said they're going to handle the business side of things, and can do things he can't.

@MarkCruz911 5 ай бұрын

Cubans preparing to go to Mars with all them rich people....

@paulwarwick1569 5 ай бұрын

Great businessman

@DungarooTV 5 ай бұрын

If I was Cuban, I would never sell the team - it's his legacy...why sell something he was put in so much passion to grow and foster.

@Justmekpc 5 ай бұрын

$3,500,000,000

@user-lz9xk4st9s 5 ай бұрын

He still own 27%

@IQscan51 5 ай бұрын

The NBA's ratings have plummeted. As the NBA is headed toward a downward spiral, he decides to cash out before things get worse.

@DungarooTV 5 ай бұрын

I see. I guess you are right! @@IQscan51

@sirgeoh 5 ай бұрын

@@IQscan51 Once Lebron retires ratings are gonna tank even more

@DEEDUBZ 5 ай бұрын

Kept it in their Family.

@ihateithere9298 5 ай бұрын

Get to the point faster next time. Your dragging the s*** out for no reason. Feels like clickbait

@AnonymousUser-ss2qr 5 ай бұрын

I hate when rich people who don't actually even af about basketball own these teams. Btw Mark still owns Majority stake according to ESPN.

@Thomas-lh4hf 5 ай бұрын

He does not own majority stake. He will continue to make basketball desicions, thats part of the deal.

@notoriousrssm3431 5 ай бұрын

He owns 27%. Not the majority owner.

@anthonyemmm 5 ай бұрын

Were you not paying attention to the video, he sold majority stake to Sands Casino owner Adelson. Cuban still has part ownership of the Mavs and is in charge of basketball operations

@JohnTaylor-yr1jn 7 күн бұрын

"wow he looks evil there"😆

@---tr9qg 5 ай бұрын

He was Godfather for this team 😁

@LABoyko 14 күн бұрын

Thumbnail banner states "$500 M In Debt," but nowhere in this report is the alleged debt discussed.

@Nathand0992 5 ай бұрын

We don’t want Texas to be a tourist attraction

@dabneyoffermein595 5 ай бұрын

The dude is rolling in dough, he even said he sold it for less than what he could have gotten for it so that it could go to real estate magnates. you're not in debt if your assets far outweigh your liabilities. No one would EVER question his solvency or his excellent balance sheet.

@dennisallen8333 5 ай бұрын

Oh well!

@eric168 5 ай бұрын

Time to buy the Piston

@james2398 5 ай бұрын

How much did the clippers owner spend on a new arena?

@caryanderson6747 4 ай бұрын

The older a person gets, they might not need the spotlight as much!! I have to imagine he loved the attention for years! He is getting older! Maybe he is seeing the light! You can only make so much $$$$%%$ !

@praizzzeGod 5 ай бұрын

MJ sold shares also, but a different convo

@countfloydschillerhorrorth2090 5 ай бұрын

This reporter knows very little of Cubes and the Mavs situation.

@JKTaylor115 21 күн бұрын

It’s AI

@travishancock2302 5 ай бұрын

Save up for a year to go to a Dallas basketball game only to spend more money at their casino..? No thank you.

@iliketheodds2575 14 күн бұрын

Looking at a bigger, more lucrative future is all.

@jamesbarrick3403 4 ай бұрын

Nothing in this video tells us why Mark sold. Yes we hear that the Sands wants gaming in Texas... etc. Everybody wants a new arena and casino etc... that does not explain why Mark would sell.

@amishpat5201 4 ай бұрын

Cuban fan, from Gateway, getting ready to launch historic annotated Cuban portrait. This piece is a classic.

@johnofmalta 4 ай бұрын

Don’t bother. Cuban is not broke or in debt. The vid never starts

@cheocatano1986 5 ай бұрын

That's not a debt when he's worth 6 almost 7 billions stop hating y'all

@kedrprao 5 ай бұрын

I feel Cuban will try to buy Las Vegas team

@daytimestudios3678 5 ай бұрын

Buy & Sell profit

@cassokon 5 ай бұрын

Take a shot every time you hear the word billionaire

@spiderbball1 4 ай бұрын

They are going to be the team to move to Vegas. Just watch

@leonardolingga 5 ай бұрын

i think cuban just cashing out

@howy3333 5 ай бұрын

I dont really understand, What is Mark going to do with the money

@scottmoseley5122 5 ай бұрын

Anyone else hate what sports gaming is doing to society. Cuban and Jones don't care. It's all about the money money money....

@lav1daloca 5 ай бұрын

So he sold a 2billion stake of the Mavs but what is he doing with the 2billion?

@klipchegaming 5 ай бұрын

Maybe they will now be able to build a team around Luka. Cuban was an idiot that lucked into Dirk.

@Starch1b2c3d4a 5 ай бұрын

Dont forget steve nash

@dk6173 5 ай бұрын

No such thing as luck. The Nelson's did their research.

@boofert.washington2499 5 ай бұрын

Luka is gone. The new lady in the office hates white people. You'll see...

@mreco7896 4 ай бұрын

Cash rules everything around me.

@TherealElijhawatkins 24 күн бұрын

10:55

@aaronroberts799 5 ай бұрын

He should have taken it to the shark tank!

@goat7844 4 ай бұрын

9:00 -9:15 N it never will.

@mmakshak 5 ай бұрын

These rich people aren't really elite.

@co2metal 5 ай бұрын

Yeah they are.

@valuxlevelux5618 5 ай бұрын

@@co2metal Nope they aren't. Only the very richs are... and most of them are unknown

@co2metal 5 ай бұрын

@@valuxlevelux5618 Yeah they are.

@arresthillary9502 5 ай бұрын

true power is held by people who never show their face and nobody knows their name

@kennethpeterson4068 5 ай бұрын

He is living large. Wonder what aBird has to say about him...that's my measure in rhe B- ball world.

@markford5198 4 ай бұрын

How can going to Oklahoma to gamble be braking the law. ?

@novellprice132 17 күн бұрын

Dallas Mavericks are now in the 2024 NBA finals. Scheduled to commence later this week on Thursday June 6th, 2024. Peace 🕊️.

@thereasonwhy5188 7 күн бұрын

Didnt know he sold his majority stake

@brettrobinson2901 5 ай бұрын

Shocking..but not altogether surprising?......uhhh....ok...

@markdurgin760 5 ай бұрын

I think he read trumps art of a deal

@stevet7487 5 ай бұрын

Cuban is not a fan of the Trumpet.

@jasonarpy 5 ай бұрын

But Cuban is a leftist puppet.

@charlesberis1235 4 ай бұрын

Everything adds up to a presidential run or a midlife crisis. Mark Cuban is leaving Shark Tank and has sold the majority stake in his beloved Mavericks.

@LayLow83 4 ай бұрын

Cuban can do whatever he wants to do in business. Just stay out of politics.

@justin2997 5 ай бұрын

Mark Cuban is like the Dupont clown.. a rich creepy guy that you got to put up with..

@lorenciandrej 5 ай бұрын

Mark is importing casino to Dallas and this is bad omen, imo.

@ragoff 4 ай бұрын

I find it shortsighted when most peoples expendable income is dwindling or gone. I think the NBA is on decline.

@CashMacGregor 4 ай бұрын

well he ain't in debt anymore.

@shogun0127 4 ай бұрын

He got tired of Luka's crybaby antics

@urielbejarano2302 4 ай бұрын

Los revolucionarios no traiban ni la comer ! Menos tesoros !

@peterwest323 5 ай бұрын

Cuban selling at the top again? Cuban's unique gift seems to be coming out on top in zero sum games.

@real_salt889 5 ай бұрын

His tribe helped him out, they bought the team from him.

@xlargetophat 23 күн бұрын

Gambling is bad

@MPowerSubie12 5 ай бұрын

Well sold in the right time. Just like MJ. You’re old you made your share time to move on. Basketball and sports are dead anyways. Watching mega millionaires put a ball in the basket does not help your life it only wastes it.

@daltondebuton6454 4 ай бұрын

He gave Mavs 1 championship. Cuban the only GOAT team owner.