Mark Cuban said he has had a change of heart about selling his majority share of the Dallas Mavericks in December 2023.
Not about selling that share of the franchise, he said. Cuban’s regret centers around selling it to Miriam Adelson and her son-in-law, Patrick Dumont.
“I don’t regret selling,” Cuban said on an episode of the “Intersections” podcast. “I regret who I sold to. I made a lot of mistakes in the process, and I’ll leave it at that.”
Adelson, the controlling shareholder of the Las Vegas Sands, paid $3.5 billion for majority control of the Mavericks. Dumont now serves as the team’s governor.
Cuban, who still holds a 27% stake in the franchise, said at the time of the deal that “nothing really changes except my bank account.”
Cuban also noted the “big emotional commitment” of being a majority owner for his decision to sell his majority stake, in addition to thought of his children wanting to work for the team.
“My kids, they were coming of age where they would have the mindset that they want to work at the Mavs. I didn’t want them to,” he said. “If fans don’t like what you’re doing or the team’s not doing well, you’re the worst human being on the planet.”
Cuban, 67, held a majority stake in the Mavericks since January 2000. He purchased the team for $285 million.
The Mavericks (24-51) will miss the playoffs for the second straight year after reaching the NBA Finals in 2024.
–Field Level Media
