Mark Cuban Reveals the Real Reason He Sold the Mavericks And How Shaq Could Affect Him Buying Another Team

It’s been less than a year since Mark Cuban shocked the world by selling the majority of his stake in the Dallas Mavericks NBA franchise. Many wondered why the former “Shark Tank” host, who made millions with the team, would sell a 72.3 percent share of the team, but in a conversation on the “All-In” Podcast, he actually shared why it was more than the $3.5 billion that he earned from the sale to casino magnate Miriam Adelson and her son-in-law Patrick Dumont. Photo via Instagram @mcuban During the podcast on Oct. 3, hosted by Chamath Palihapitiya, Jason Calacanis,& David Sacks, and& David Friedberg, he broke down his reasoning. Deal of All Deals? “When I first bought it in 2000 I was the tech guy in the NBA,” he explained. “I was the media guy. I had every edge and every angle. Now fast-forward 24 years later, in order to sustain growth to be able to compete with the new collective bargaining agreement, you have to have other sources of revenue.” For the Cuban, that seemed to mean incorporating other industries into his business model. The businessman continued, “And so you see other teams in all sports for that matter...