11-29-2023, 03:20 PM
(This post was last modified: 11-29-2023, 03:22 PM by youzigizag.)
(11-29-2023, 03:15 PM)KillerLeft Wrote: I'm sure this was mentioned before, but if you haven't seen Cuban's episode of "All the Smoke" yet, there's a portion of it wherein he describes what I believe to be his motivation here quite overtly.
You should watch for yourselves, but the gist is that he believes the tv money is a bubble that will burst within the next decade or so, and that his observation about the rich teams, such as GSW and LAC, is that they're generating the majority of their money through real estate around their stadiums. He basically said he's need to bring in partners "at some point" who understand how real estate works so that the team can generate enough money to compete. "I don't understand real estate"..."I don't care, I just want the Mavericks to win"...I think we're seeing the real life manifestation of that thought.
Maybe it has to do with a bet that gambling will be legal here soon, but maybe the fall back is just that the new group knows how to work real estate deals in general.
Why not partner with a real estate Mogul in Jerry Jones? He is Local...knows the land...has major pull. Unless the deal called for someone willing to take on more risk.
I know nothing about business. Just seems weird that Jerry is a real estate God...but Mark chose an outsider. Unless mixing two sports amongst one owner is a bad thing.
My main point is that the Jones' are real estate Pro's, own a sports team and are local. But I have no idea about business in general. Isnt Jerry known for generating revenue from around a stadium too?