12-31-2021, 01:26 AM
(12-30-2021, 11:25 PM)StepBackJay Wrote: Case and point Cubes paid $285 million for Mavs in 2000 with his Yahoo money and now its worth like 3 bil? I think they are doing just fine.
That's only relevant to him if he sells the team. Plus, Cuban seems intent on keeping the Mavs as a legacy asset means the growing "fair market value" of the Mavs won't ever be realized by him at all.
The reality is that a prized appreciating asset can't eat up your other assets, to keep it going year over year, no matter who you are, unless you plan to sell in the foreseeable future. If it's growing solidly, you can break even or even absorb a bit of negative at times, but you really need to figure out how it can offer you a reasonable amount of cash flow.
From that angle, the tax does matter. But if he doesn't want to pay tax like the big boys, when it's needed, Cuban needs to get out. This is a big market team with a strong fan base - no excuses.