Mavericks Hire Rick Welts as New CEO

[Reunion Mav]

"Isn't 25% is the needed amount for Veto power in ownership?" ... A business's minority owner is likely to have some legal protections contractually that prevent specific types of actions (such as a decision by the majority owner to void out the minority owner's share, change terms of ownership docs, and so on). In the NBA, the day-to-day running of the team is by the governor. Not Cuban.

"there are NBA governers who owns less percentage [than Cuban]" ... Not sure that's true, but yes, a governor could be a minority owner, provided he has majority (or contractual) support in assuming that role. Not that that's relevant in this case, because from the day Cuban sold the team and the NBA sale was approved -- and in direct contradiction to his statements -- he NEVER was the Mavs' NBA governor anymore.

Does he have influence? Probably far less than you think. Dumont-Adelson are now the owners and have no obligation to ask (much less follow) his opinion on anything, any more than Cuban had to take input from Perot and other minority owners. I figure their consults are with Cynt/Welts, Nico, and Kidd as they feel need. In what area is he really an expert whose advice they would need?

How to get one of their grandchildren on Shark Tank.