Mark Cuban surprised the NBA world when it was announced he was selling his majority stake in the Dallas Mavericks . The 66-year-old businessman explained his decision in a recent appearance on the "Roommates Show," saying that he didn't want to put the pressure of taking over the organization on his children, the oldest of which is 21.
Cuban also cited the changing landscape of NBA ownership as a significant factor in why he did business with the Adelson and Dumont families.
"Financially, it's not like I couldn't write the checks," he said about the new CBA . "To get with the big boys, you got to be able to develop real estate. It's just not my thing."
NBA ownership insights
The Pennsylvania native gave insight into how most NBA owners operate nowadays, saying that basketball is just a tiny fraction of what they do now. Interestingly, Cuban doesn't seem to think he can keep up with his former peers because his forte is technology, while the others have a multi-faceted approach to managing their teams. He also shared that those in real estate have an advantage.
Cuban gave the Golden State Warriors as an example after the organization financed the construction of their latest arena, Chase Center. Another example he probably wanted to mention was the Los Angeles Clippers' development of Intuit Dome in Inglewood, which finally allowed them to have a home of their own.
The new Mavs owners have the resources to keep up with their peers in the Association. The Adelson-Dumont family built its business empire in the casino and resort industry. There are reports that it plans to develop casinos in the state and is open to establishing a new arena for the squad.
Cuban's role in transforming the Mavs
Dallas' fans are undoubtedly thankful for Cuban's contribution to the franchise. He was once a season ticket holder who believed he could turn the struggling franchise around . After deciding to purchase a majority stake for $285 million, he achieved what he had set out to do.
The good news for the Mavs faithful is that Cuban will still be around the team as a minority owner and the head of basketball operations. While he committed many management blunders, one cannot deny how successful Dallas has become, especially after it claimed its first title in 2011 and went on two other Finals trips in the past two decades.
So, as long as he is around with even more focus on hoops than ever, people can expect the Mavs to continue being a force in the league.
Related: "He was talented, but he was picked in the second round" - Mark Cuban admits the Mavs underestimated Jalen Brunson's potential
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