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Back to Mark Cuban: The Next Market Crash Is Where The Real Money Is Made!, with Mark Cuban.

How Much Did Mark Cuban Sell the Mavericks for?

Mark Cuban sold the Dallas Mavericks for $4.3 billion after buying the team for $285 million.

He bought it right after he made his money. He was a season-ticket holder who thought it would be fun to shoot baskets with Dirk Nowitzki, Steve Nash, or Michael Finley, not a 25-year business plan. The team had been voted the worst professional sports franchise of the previous decade, and his goal was to turn it into a winner. A loss could take him two days to get over. Later the league talk shifted from making the game better to what the teams were worth, and competing required real estate skill that had nothing to do with basketball. He had not planned to sell. Having kids changed that. Steven Bartlett asked if the purchase was $200 million. Mark Cuban said $285 million, and he said the sale was $4.3 billion. Doing the work he loved turned the franchise into a big business.

Transcript

Mark Cuban: The Next Market Crash Is Where The Real Money Is Made! ·

The Diary Of A CEO with Steven Bartlett

More from this episode

  1. How Did Mark Cuban Learn to Sell?Mark Cuban learned to sell at 12 by buying garbage bags for $3 and selling them door to door for $6.
  2. Does AI Dwarf Everything Else?Mark Cuban says AI dwarfs everything else in aggregate. He has been in the tech business a long time, and AI is so much bigger.
  3. Why Do Get-rich-quick Schemes Spread on Social Media?Mark Cuban says get-rich-quick schemes spread on social media because each person sees more of whatever they already watch.
  4. Where Is the Real Money Made in a Bear Market?Mark Cuban says the real money is made in a bear market, when prices turn and a buyer has cash ready.
  5. Are We in a Stock Market Bubble?Mark Cuban thinks we are in a bubble, though not the same as the internet bubble back in 2000 and 2001.
  6. Is AI Actually Smart?Mark Cuban says AI is not smart. It only knows how to use statistics to predict the next word. It is predictive, not deterministic.
  7. What Does Mark Cuban Use an AI Agent for?Mark Cuban uses an AI agent for Cost Plus Drugs while he tries to break the healthcare industry. He thinks the big conglomerates are the real problem.
  8. Why Is AI Only Book Smart?Mark Cuban says AI is not smart because it is only book smart.
  9. Can AI Borrowing Create a Debt Bubble?Mark Cuban says the United States could get into a debt bubble because hyperscalers are borrowing so much.
  10. What Happens If Interest Rates Hit 10 Percent?Mark Cuban says something has got to give if interest rates go to 6 percent, 8 percent, or 10 percent.
  11. Can Money Change Who You Are?Mark Cuban says money cannot change who you are. If you are miserable when you are poor, there is a good chance you are going to be miserable when you are rich.
  12. How Did Money Change Mark Cuban's Life?Mark Cuban says money changed his life and did not change his life.
  13. What Matters Most to Mark Cuban?Mark Cuban says his kids and his wife supersede everything else.
  14. What Is Mark Cuban's Goal for Healthcare?Mark Cuban's goal is to change healthcare in the country so healthcare is truly a right.

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