Mark Cuban claims he lost 'hundreds of millions' owning the Dallas Mavericks

Sports Illustrated ^ | Mar 29, 2025 | Austin Veazey

[MinorityRepublican]

Mark Cuban has been brutally honest about his displeasure with the Dallas Mavericks since he sold his majority share to the Adelson family in December 2023. He thought he would still be in charge of basketball operations, but it wasn't allowed to be in the contract when he sold the team, and the Adelsons decided to hand the reins to Nico Harrison.

Cuban voiced his frustrations in a recent Facebook comment about his role with the team, but he also revealed that owning the Mavericks wasn't exactly a fruitful endeavor.

"You didn't say a word when [your bonus] showed up in your account. Did you? Sure looked good when we made it to the finals, didn't it?" Cuban responded to a post from a former employee saying he should be run out of Dallas. "I did every damn thing I could for 23 years. Kept prices lower than not only any NBA team, but lower than college teams too. I had $2 tickets for multiple years. When I sold there were always 4k tickets under $29. I made money 2 out of 23 years I was the majority owner. Lost hundreds of millions of dollars. And you kept on collecting your salary. So my dirty dollars didn't get a peep out of you those 23 years. Or when you got your check every two weeks.

Or when you got your bonus. Go back to what I said when I sold the team. I didnt want my kids and family to have to deal with people like you. I honestly got tired of the growing number of fans who became pricks on social media. People exactly like you. I paid your salary. I paid you a bonus I didn't have to give you.

[sit-rep]

no... You lost 100s of millions for supporting the Mavericks...

[Dilbert San Diego]

He may have had operating losses in many years, but, did he make a profit when he sold the team? If so, how much? Certainly the franchise value went up quite a bit during the years he owned the team.

[Texas Eagle]

Maybe you should have tried surrounding yourself with strong, intelligent women.

[BenLurkin]

Isn’t this what sports franchises are for?

[Fledermaus]

The way the Mavs play he did.

[Harpotoo]

Not a very good shark;-)

[MinorityRepublican]

Isn’t this what sports franchises are for?

Supposed to be an expensive "hobby".

[T.B. Yoits]

From the article: ...Cuban responded to a post from a former employee saying he should be run out of Dallas... "I made money 2 out of 23 years I was the majority owner. Lost hundreds of millions of dollars. And you kept on collecting your salary. So my dirty dollars didn't get a peep out of you those 23 years. Or when you got your check every two weeks."

So... the owner was willing to lose money and gets angry when he expected his employees to suffer similarly, and they disagree?

[rlmorel]

Sure. And the douchebag thinks we should all support his woke, socialist way of doing things and run the country that way.

[Pearls Before Swine]

Good question, so I asked the MS Copilot:

“Mark Cuban purchased the Dallas Mavericks in January 2000 for $285 million. He sold a majority stake in the team to the Adelson and Dumont families in December 2023, with the sale valued at approximately $3.5 billion.”

That’s a twelve-fold increase in realized value in just under 4 years. The few hundred million he may have lost operating the team while he owned it can be considered investment maintenance expense... or even a rounding error.

[MinorityRepublican]

I didn't watch the All Star Game. But it was half @$$ed effort by the players.

The point is that Cuban sold his team at the right time.

[chuckee]

100s of millions? Stop whining, Msrk. You sold your share for 3.5 billion. More than 12 times what you paid for it. A few 100 million of operating losses over the years is chump change in the scheme of things

[MinorityRepublican]

The team is only worth 3.5 billion because the new owners are trying to build a new casino. So far no luck, but they’re trying to persuade the legislature.

[eastexsteve]

Mark Cuban claims he lost 'hundreds of millions' owning the Dallas Mavericks

And here I thought he was a smart businessman.

[SunkenCiv]

No one had a gun to his head.

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[chuck allen]

“That’s a twelve-fold increase in realized value in just under 4 years.”

It was 23 years, 2000 to 2023.

[The Louiswu]

How to put 1 million dollars into your bank account…put 50 million dollars into an F1 team and wait 3 years.

[Lizavetta]

LOL!

[The Free Engineer]

That is how sports work. Very few teams, maybe the Savannah Bananas, make an operating profit. Everything is leveraged on future value of the team. I don’t think this is sustainable but what do I know.