Former majority Dallas Mavericks owner Mark Cuban made his grievances known in a recent podcast appearance, but are they warranted?
There are certainly regrets when it comes to business decisions, and former Dallas Mavericks majority owner Mark Cuban has made his regrets known after selling those shares to the Adelson and Dumont families back in December of 2023. For Cuban, it wasn’t so much the decision to sell his shares, but who he sold those shares to and what has transpired since. Cuban recently made those grievances publicly known on an appearance on the "Intersections" podcast. When Cuban sold, he felt that the financial pressure of being the primary funder for an NBA team – and a good one at that – was too expensive, but after closing the sale at a $3.5 billion valuation, Cuban expected to still retain control of the Mavs’ basketball operations.
That hasn’t really been the case, with Patrick Dumont assuming the role of the decision-maker. And that wasn’t something that had language in the contract, and it isn’t something that anyone has supported outside Cuban claiming it himself. But he was quickly pushed to the side and was eventually blindsided by the bombshell Luka Doncic trade to the Los Angeles Lakers that Cuban is still reeling from today, even going so far as to repost some messy social media posts making fun of former GM Nico Harrison, who was eventually fired following the absurd trade.
Here is the full story from Mavs Roundtable writer Mike Fisher on Cuban’s social media snark and whether that full blame is warranted.
Ultimately, Cuban hired Harrison as a first-time GM, and ultimately, Cuban sold his franchise shares to the Adelson family, which ultimately put Dumont in charge for the first time.