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

Sports Illustrated ^ | Mar 29, 2025 | Austin Veazey

[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.