Mark Cuban sells majority stake in Mavericks amid family concerns
- Mark Cuban sold a majority stake in the Dallas Mavericks but retains a 27% ownership and continues to manage basketball operations.
- His decision to step back is influenced by his desire to shield his children from public scrutiny and the pressures of his high-profile role.
- Cuban maintains a hopeful outlook for the team's future, including potential developments related to a new arena.
In the United States, Mark Cuban, who purchased the Dallas Mavericks in 2000, has recently sold a majority stake in the team while retaining a 27% ownership. He remains involved as an alternate governor and oversees basketball operations. Cuban's decision to step back from a more active role is influenced by his desire to protect his children from the public scrutiny and pressures that come with his high-profile ownership. He acknowledges that while success brings admiration, it also subjects his family to unwanted attention and criticism. Cuban reflects on his time with the Mavericks, recalling the emotional connection he has with the team and its fans, particularly through the song 'Eminence Front' by The Who, which he promised a late friend would always be played at games. Despite stepping back, he remains optimistic about future projects, including potential casino and real estate developments linked to a new arena for the Mavericks.