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Cuban has sold the Mavs to Adelson-Dumont Family
#70
As this is unfolding, some concepts are emerging:
1 The "side venture" is going to be where both Cuban and Adelsons are angling for the BIG money to be made, not from the Mavs. The sale of some of the Mavs franchise is not the main deal here.
2 This will be an attempt to intertwine a major sports team's leverage into a HUGE real estate grab. Think Disney and the outlying areas around it - that's the goal. Or in NBA terms, think GS Warriors.
3 Their target? I'd bet a lot that their play is about the ultra valuable Town Lake waterfront, W of I-35. You can't buy it, but hmmm, if you can get the city of Dallas to seize whatever land you want using eminent domain, so you can do a new arena for the Mavs that's on prime lakefront, and also grab all that ultra-valuable land around it, that is mega money. And if you look at a map, in relation to the AAC, you can see the where of just hopping to the other side of I-35, and quickly see the why.
4 If successful, Cuban will net extra money, as a result, both by the dollars from the sale of most of the franchise, plus what he will land with the real estate, and he will also get a deep-pockets partner as cash is needed with the Mavs. The vision is that this will play out over many years and be an empire, in a way.

HOWEVER - that Town Lake has been anticipated for 50 years, and there are some BIG MONEY players in Dallas who have their own plans. I think it would be a really tough sell to convince the people of Dallas to let the city just grab it and hand it over to Cuban and Friends. If they say no, then what?
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Messages In This Thread
RE: Cuban to sell most of the Mavs - by F Gump - 11-28-2023, 10:22 PM
RE: Cuban to sell most of the Mavs - by mvossman - 11-28-2023, 08:29 PM
RE: Cuban to sell most of the Mavs - by MrGoat - 11-29-2023, 12:11 AM
RE: Cuban to sell most of the Mavs - by chaparral - 11-28-2023, 08:17 PM
Jason Terry - by Jason Terry - 11-29-2023, 10:08 PM
RE: Cuban to sell majority stake of Mavs to Miriam Adelson - by F Gump - 11-30-2023, 01:33 AM
Jason Terry - by Jason Terry - 11-30-2023, 09:31 PM
RE: Jason Terry - by F Gump - 12-01-2023, 02:47 AM
Jason Terry - by Jason Terry - 12-01-2023, 07:08 AM
RE: Jason Terry - by F Gump - 12-01-2023, 04:59 PM
Jason Terry - by Jason Terry - 12-02-2023, 08:30 AM
Jason Terry - by Jason Terry - 12-02-2023, 10:39 AM
RE: Jason Terry - by hakeemfaan - 12-02-2023, 07:51 PM
JamesConway912 - by JamesConway912 - 12-27-2023, 04:21 PM

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