Mark Cuban Breaks Silence On Selling The Mavericks And Fans Are Shocked By What He Said
It’s been nearly two years since billionaire Mark Cuban sold his majority stake in the Dallas Mavericks but it only took about one for him to suffer one of the worst cases of sellers remorse ever.
14 months after Cuban sold his controlling interest in the Mavs, the Mavs traded all-world superstar Luka Doncic to the Los Angeles Lakers in one of the biggest trades in the history of sports. Granted, the Mavs got a bit of luck with Duke superstar Cooper Flagg falling into their laps after the season in the NBA Draft lottery, but Cuban has clearly not been thrilled with the way things have gone since he stepped aside as controlling owner.
In a recent interview on the DLLS Mavs Podcast, Cuban spoke at length about his decision to sell the team. At one point, he offered an apology to those that are angry at him for leaving it in the hands of the Adelson-Dumont group, who did not veto the Doncic trade. Cuban defended his actions, asserting that he was doing “what is best for my life and my family.”
“I’m sorry, I had to do what is best for my life and my family,” Cuban said. “You think I was going to live till 137 and just run the Mavs forever? You know, Father Time is undefeated, and so something was going to happen at some point, no matter what, and I just wanted to do it on my terms.”
Mark Cuban’s net worth
Forbes estimates that Mark Cuban has a net worth of $6 billion. He sold his controlling stake in the team for $3.5 billion back in 2023. That means he was still worth well over a billion dollars prior to selling the team.
Fans are well aware of how wealthy Cuban is, so when he gave that explanation, he promptly got ripped for it on social media.
That being said, if Cuban’s issue with the team was that he was spending too much time working on the team itself and not being at home with his family, that may be a different story.
Nevertheless, Cuban still feels responsible as far as the controversial Doncic trade goes.
“I felt like I let people down by not being there,” he admitted.
His bigger regret appears to be selling the team privately rather than opening it up to an auction, where he might have made more money on it. He made it clear that he still would have sold the team regardless of everything else.
“I don’t regret selling the team, I regret how I did it,” Cuban said. “Would I still sell the team? Yes, for all the same reasons I’ve said 100 times. Would I do it the same way? Absolutely not. I would have put it out to bid, but I didn’t so it doesn’t matter.”
For the longest time Mark Cuban has had a reputation for being a sports owner who actually cares about the employees and the players. But now that he’s no longer involved in sports, he is relegated to being a person on the internet advocating for what he believes in.
Still wealthy, but far less influential.
