Billionaire Mark Cuban's sale of his majority stake in the Dallas Mavericks has sparked industry speculation and discussions. The move, seen by some as a Faustian bargain, comes amidst concerns of a sports media rights bubble and follows Cuban's exit from 'Shark Tank'. Gerry Cardinale's comment that Cuban may have felt the 'juice was not worth the squeeze' adds to the speculation. The sale has highlighted the evolution of sports teams into larger business enterprises since Cuban's ownership began in 2000. All eyes are now on Cuban's next business venture.
When Mark Cuban bought the Mavericks in 2000, professional sports teams were still mainly just teams. Now they are anchors for larger business enterprises, writes @kevinmdraper. https://t.co/DIUhsnjZUQ
Does Mark Cuban's sale of Mavs have anything to do with the sports media rights bubble? @DemetriRavanos dives in with @MattBelloni. https://t.co/BxuSlcad1k
Mark Cuban considers his next gamble after sale of Dallas Mavericks stake https://t.co/kzPHQmMEE8
Is the sports media rights bubble about to burst? @DemetriRavanos explores this topic with help from @PuckNews founding partner and @ringer host @MattBelloni. https://t.co/BxuSlc9FbM https://t.co/hts136M2BG
Gerry Cardinale brings up Mark Cuban selling the Mavs: "I gotta talk to him because what I'm hearing is he sold because he didn't think the juice was worth the squeeze anymore. That's over."
Selling the Mavs is a Faustian bargain for Mark Cuban https://t.co/L4jTnp0bWe
Does Mark Cuban see a media rights bubble about to burst? @DemetriRavanos analyzes sentiment around the industry and the sale of the Mavericks in today's column. https://t.co/BxuSlc9FbM
Mark Cuban, after announcing his departure from "Shark Tank," is now making headlines by selling his majority stake in the NBA's Dallas Mavericks. https://t.co/MyOM7u1gAb
NBA NOTEBOOK: Could Mark Cuban's unusual sale delve Dallas Mavericks into chaos? Steve Parish's contentious Crystal Palace set-up could prove to be a cautionary tale for the billionaire https://t.co/8Isr1GZ1Xm https://t.co/KwMn5mflzF