Billionaire Mark Cuban selling majority stake in Dallas Mavericks
www.forbes.com.au
Mark Cuban will continue to remain as head of the Mavericks’ basketball operations as part of the deal valuing the team at around $3.5b.
    • enataca@alien.topBEnglish
      1·
      11 months ago

      Yeah like he ate gas station sushi and just can’t get out of the bathroom.

    • HerskyB@alien.topBEnglish
      1·
      11 months ago

      I hope he’s using his team as insurance and taking their money to build a mega stadium and buy his shares back

    • clavs15@alien.topBEnglish
      1·
      11 months ago

      He’s running for office, or he’s expecting a deep recession/depression where the expected TV contracts are way lower than currently expected

      • moonfox1000@alien.topBEnglish
        1·
        11 months ago

        I’ve been wondering about this for years. The NBA has gotten extremely lucky to be well-positioned to take advantage of macro trends like live sports being the last dying gasp of the cable tv industry, unless they get bailed out again by a tech company who wants to stream the NBA…I don’t see how their TV contracts keep going up. The NBA has abysmal ratings, everything has been so paywalled for two decades now that most of us here have learned that you don’t have to watch the games to even follow the league.

      • RonanCornstarch@alien.topBEnglish
        1·
        11 months ago

        MLB’s RSN tv deal bubble popped. NBA will be next, i think i heard that the nba and ballys agreed that they would honor all their deals for this last season to avoid situations like in the MLB where they just stopped paying. but then after that, all the deals are over. or something along those lines. there really isnt a way to recoup all those losses from losing the RSN deals since most of the money that was being paid to teams comes from people who dont even watch sports.

      • LavenderAutist@alien.topBEnglish
        1·
        11 months ago

        Lasry sold his stake in the Bucks too

        They are both smart

        Probably the top for NBA valuations

        I’d expect teams to be worth 30% less in the next five years

      • Educated_Dachshund@alien.topBEnglish
        1·
        11 months ago

        He thinks streaming is going to really damage the next tv deal. He thinks it’s going to be way down and the NBA isn’t doing anything to change that.