MAVS NEWS: Dudley Signs with Klutch| Unlikely Dud Goes to LAL

[SleepingHero]

Something about all this doesn’t make sense to me. Didn’t the majority sale go down at a pretty steep discount from what other NBA teams have been going for? I thought the reason for that was Cuban maintaining control over bball ops. Apparently not.

The team sold for about 4 billion. That's not a steep discount. The team valuation was around 4.5B. Cuban probably could've gotten an extra billion if he really wanted to given Dallas as a market.

But the unique factors regarding the deal was the apparent interest of the Dumont/Adelson's in building a new stadium/casino in Dallas. Cuban also liked the deal as he apparently still maintained control over basketball operations. That has now since been extinguished and really was a very weird part of the deal. If I was Dumont and I just paid 4 billion bucks for something, why in the hell would I let someone else make the choices?

Truthfully I think Cuban sees the rise of gambling in the US/Sports, recognizes it as a giant cash cow, and thought being able to own 1/4 of a team that will have probably the premier casino/stadium in Dallas was too attractive to pass up. And I think it was a good business choice. He'll make more than 500 mil in asset appreciation if gambling gets legalized in Texas. 

Especially since it was rumored that Cuban was quietly cash poor which led to why the Mavs were run so frugally the last 10 years.