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

video starts here: Mark Cuban Sell 7:19

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.

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 💯

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.

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

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.

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

Click bait title. Nothing was said.

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.

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.

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

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

Cuban is building a 1 billion dollar bunker.

Seen him in the line for Snap benefits

Maybe mark wants to build a NBA team in Las Vegas

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.

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

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

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.

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