Adelson Family Cautioned About Mark Cuban’s Intention to Sell “Sinking Ship” Mavericks for $3.5 Billion: “This Is a Massive Red Flag”

Mark Cuban selling the stakes of his Dallas Mavericks is the hot news now. With so many interpretations and analyses going into this deal, the billionaire’s decision came as a shock initially. The agreement has been drawn up with the Las Vegas casino owner and billionaire matriarch of the Adelson family, Miriam Adelson. Along with her son-in-law, Patrick Dumont, the Sands Corp. President and COO, had confirmed they were buying a major share.

Selling and buying of organizations is not news in the business world. It happens all the time. But what makes this different is the current owner, Mark Cuban himself.

Mark Cuban catches strays from the Oddball crew

Amin Elhasaan and Charlotte Wilder got together to discuss the selling of the Mavericks team. With so much speculation and opinions going around on the ‘Why,’ Elhassan seems to have a clear idea of the same. He says, “This is a massive red flag … to me it feels like, ‘the ship be sinking, let me get off before everyone starts to figure out and clamor’.”

Though the $6.2 billion-worth businessman is yet to make his reasons known, Amin Elhassan is quite sure of his reasons. He goes on to mention how the NBA TV rights deals could have had a major impact on Cuban’s decision. “I think Mark Cuban is looking and saying, ‘This is the bubble, and the bubble is about to burst.’,” he added.

So it could be that the man in question is uncertain about the long-term market value for the sports broadcasting fees. In the past 12-18 months, it was predicted that Amazon and Netflix would bring in billions. Yet it didn’t happen. Forbes has estimated the market value of Dallas to be more than $4 billion.

Read More: How Much Will Mark Cuban Profit from Mavs Sale? Breaking Down 65YO Business Tycoon’s $3.5 Billion Move

So while he is selling the majority share for $3.5 billion to the Adelsons, it is not just the monetary factor that has gone into the decision-making. This deal comes with added benefits like Cuban still retaining much control on the team front and letting the Adelson-Dumont family take care of the monetary expansion.

Thinking ahead has always been one of Mark Cuban’s strengths.

Mark Cuban’s secret to success

The straight answer is that there really isn’t a secret sauce to Mark Cuban’s billionaire status. From his garbage bag selling days to taking advantage of the newspaper strike, Cuban had shown incredible entrepreneurial skills as early as 12 years of age. Even during his college days, he had kept up various businesses thriving, along with his studies. So everything he learned was from hands-on experience.

Combining it with the education he received, Mark ventured head first into businesses. The Broadcast.com was the venture which helped him become a billionaire. The success this business received caught the eye of Yahoo! who bought it from Cuban for a record $5.7 billion. Shortly after, the broadcasting services were discontinued and had he not sold it, it would be Mark in Yahoo!’s place.

A bit of a luck, stock market fluctuation, and foresight to make the right move at the right time changed his life overnight. This is what Amin Elhassan referred to when he mentioned the “bubble burst”. Even if someone were to bring this up to make a case in point, they cannot contest that Cuban is simply riding on luck.

For Yahoo! to take note of the Broadcast.com, it had to be there in the first place. And then it had to be successful enough to see the value an acquisition would bring. So, whatever happened later was just a matter of timing.

What do you think the outcome of this transaction be? Will Texas legalize gambling, allowing the Adelsons to expand on the Dallas footwork? Can the control retention over the team cause a problem between Cuban and Adelson-Dumont in the long run?

Let us know what you think in the comments below!

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