Mavericks owner Mark Cuban said he would turn down any offer to sell the team, no matter how much money the buyer proposed. “What do I need $3 billion for?” Cuban said.
Dallas Mavericks owner Mark Cuban said he would turn down any offer for his team, no matter how much money a buyer proposed.
Cuban appeared on Any Given Wednesday with Bill Simmons and told Simmons he would never consider selling his franchise, even if someone was willing to pay $2 billion, as Steve Ballmer did when he purchased the Los Angeles Clippers in 2014.
Cuban bought his majority stake in the Mavericks in 2000 for $285 million, but does not intend to turn a profit on his investment, despite the team now being valued at $1.4 billion.
Simmons: Your team was valued at $1.4 billion. I’m pretty sure you’re turning down $1.4 billion.
Cuban: Oh yeah. I mean, I’m turning down anything. But yeah…
Simmons: You’re turning down anything?
Simmons: Like, would you turn down $3 billion?
Simmons: You’d down $3 billion?!
Cuban: Yeah. What do I need $3 billion for?
Cuban’s estimated net worth is around $3.2 billion.