06-26-2024, 04:06 PM
Not sure you all are recalling quite exactly right here. From D Mag:
“For his troubles, Cuban will net around $2 billion, a robust profit on the $285 million he invested in 2000. He’ll somehow also retain full control over basketball operations, which is a little like flipping your house with the provision that you continue to occupy the master bedroom.
It’s difficult to imagine that control being totally immutable, considering Cuban no longer holds the Mavericks’ cards. (It does have some stickiness, though, and explains the discount Cuban took; Forbes’ most recent franchise valuations had pegged the Mavericks as worth $4.5 billion, but the valuation in the sale was set around $3.5 billion.)”
https://www.dmagazine.com/sports/2023/11...icks-sale/
“For his troubles, Cuban will net around $2 billion, a robust profit on the $285 million he invested in 2000. He’ll somehow also retain full control over basketball operations, which is a little like flipping your house with the provision that you continue to occupy the master bedroom.
It’s difficult to imagine that control being totally immutable, considering Cuban no longer holds the Mavericks’ cards. (It does have some stickiness, though, and explains the discount Cuban took; Forbes’ most recent franchise valuations had pegged the Mavericks as worth $4.5 billion, but the valuation in the sale was set around $3.5 billion.)”
https://www.dmagazine.com/sports/2023/11...icks-sale/
Pessimism doesn’t make you smart, just pessimistic.
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