Adelson family purchasing significant stake in Dallas Mavericks, Mark Cuban to remain controlling owner
- Thread starter MMC
- Start date
MMC
Global Moderator
Voight
#winning
Smart move by the Adelsons. Reap the soils of owning a team but Cuban being in charge of basketball has worked for the Mavs.
mouser
Business of Hockey
Unusual arrangement for sure having Cuban retain control of “basketball operations”.
Have to expect there are all sorts of who can buyout who clauses in the sale if things go poorly in the future.
Have to expect there are all sorts of who can buyout who clauses in the sale if things go poorly in the future.
Dallas market is only worth the same as Milwaukee? $500 mill less than Phoenix? And a couple of years after the bucks sale? Hmmmm. Interesting.
No Fun Shogun
34-38-61-10-13-15
Only a matter of time before that family does something crazy that gets the Mavs into a PR snafu.
And yeah, zero chance that they move outside the market. I get the fascination with Las Vegas, but that's a huge step down in market size and wealth.
And yeah, zero chance that they move outside the market. I get the fascination with Las Vegas, but that's a huge step down in market size and wealth.
In the article linked in the OP, it talks about him selling at a lower valuation to keep control of basketball operations.
It also mentions that Forbes had valued the Mavs at $4.5B.
BigBadBruins7708
Registered User
But you have to admit that people would speculate about such a move, so it makes sense for the reporter to ask the question.
Forbes also ranks Dallas at #7 and Phoenix at #11.
So, that would make sense that maintaining control costs Mark a good chunk of money, but not like he's going to miss however many hundreds of millions he gave for control of the Mavs.
Bixby Snyder
IBTFAD
LadyStanley
Registered User
What the sale of the stake in the Mavericks could mean for Mark Cuban and the Adelson family
There are many factors in play surrounding Cuban's decision to sell such a big share of the franchise.
sports.yahoo.com
Cuban retaining at least 15% ownership.
Some history if the Adelson family including their basketball team in Israel.
It sounds like the reverse of the Ratcliff/Glazier deal for Man Utd. Ratcliff paid a premium so he could control a ton of the club but only has a minority share. Whereas Adleson paid an undervalued amount but Cuban keeps control. To be honest, MLSE was a bit like this under the teachers.
sawchuk1971
Registered User
- Jun 16, 2011
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LadyStanley
Registered User
NBA approves sale of Mavericks to Adelson, Dumont families as Mark Cuban eyes new arena in Dallas
Mark Cuban said he won’t have “final say,” but he will remain the head of the Mavericks’ basketball operations after the $3.5 billion sale.
Sale approved
Voight
#winning
Formality really. Adelsons have mega bucks and are well connected.
I guess they figured with guys like Bron & Shaq talking about wanting to be involved with a Vegas expansion team they weren't sure if they could be apart of that / have majority control.
I guess they figured with guys like Bron & Shaq talking about wanting to be involved with a Vegas expansion team they weren't sure if they could be apart of that / have majority control.
BigBadBruins7708
Registered User
