2000: Mark Cuban bought Dallas Mavericks for $285M without negotiation, later sold majority stake for $3.5B.
Billionaire entrepreneur Mark Cuban admitted on NBA player Draymond Green's podcast that he broke his typical negotiating strategy when he purchased the Dallas Mavericks for $285M in 2000. Due to his excitement, he didn't negotiate the deal and agreed to it without hesitation. Cuban later sold a majority stake of the team to the Adelson and Dumont families for $3.5B, retaining a 27% minority stake.
April 03, 2024
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