In December 2023, billionaire entrepreneur Mark Cuban bought a majority stake within the Dallas Mavericks, a Nationwide Basketball Affiliation group he acquired in 2000 after making a number of profitable enterprise gross sales.
In a latest podcast look, Cuban mentioned the group’s success and why it was time to maneuver on.
Dallas Mavericks Buy, Tune Reminiscence: Cuban, who has had an entrepreneurial spirit from a younger age, recalled deciding to method the Mavericks’ proprietor about shopping for the group after noticing that the season’s residence opener wasn’t a sellout.
“We’re undefeated. We must always have a very good group. And I am like, I can do higher than this,” Cuban recalled on the “Life in Seven Songs” podcast.
Cuban stated he had a deal executed in lower than a month and was the proprietor a few months later.
The billionaire paid $285 million for the group again in 2000.
Requested to choose a track to sum up his time with the Mavericks for the podcast, which sees celebrities decide songs for moments of their life, Cuban chosen “Eminence Entrance,” a track from The Who.
“Again in 2001, we moved to a brand new area and the top of promoting was a man named Matt Fitzgerald, who was a very good pal of mine, basketball buddy, who sadly died of ALS a few years in the past. And he got here up with this track.”
Cuban stated the thought of utilizing “Eminence Entrance” was just like what the Chicago Bulls did through the Michael Jordan period, utilizing the identical music and making it immediately recognizable to followers.
Fitzgerald steered The Who track, and Cuban stated he promised the previous Mavericks worker when he was dying that so long as he was concerned, it “would all the time be the opening track for the match.”
Cuban stated Mavericks followers instantly consider video games after they hear the track.
“Whereas the start of this track is taking part in, there is a hype video that is occurring on the Jumbotron that everyone will get to see. And so it is highlights of the final recreation. It is introductions to our beginning lineup.”
Transferring Previous the Mavericks: Cuban just lately bought a majority stake within the Mavericks to on line casino magnate Miriam Adelson, with the group valued at $3.5 billion.
Cuban stays concerned with the group as an alternate governor and maintains management of basketball operations for the Mavericks whereas holding a 27% possession stake. The billionaire stays hopeful that bringing Adelson in may also help with a possible on line casino and actual property initiatives if the group builds a brand new area sooner or later.
Cuban acknowledges his kids, who’re 15, 18, and 21, as a key cause to step again in his dedication to the Mavericks.
“There’s loads of strain for them. And working knowledgeable sports activities group is not all the time good,” Cuban stated.
The billionaire stated when the group is profitable, it is nice, and everyone loves him.
“However while you’re having a nasty season, simply, you recognize, your children are on social media. I simply don’t need them to place up with all that abuse and every little thing. And, you recognize, that was the first cause.”
Throughout the interview, Cuban admitted to life being a lot completely different for his children than his childhood was.
“You do not have that distinctive privateness. You understand, the power to only be unnoticed that I had, and that is exhausting.”
Cuban stated he would not really feel sorry for his children on this regard, however is aware of that it hasn’t all the time been simple for them.
“I give them a ton of credit score. They’re good children. They have large hearts. They’re good. They’re respectful.”
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