Former Dallas Mavericks majority owner Mark Cuban has acknowledged that selling his controlling stake in the franchise taught him some difficult lessons, particularly regarding his expectations about remaining involved in basketball operations.
During an appearance on the Build or Break podcast, the businessman discussed the aftermath of the sale and how the arrangement developed differently from what he had anticipated.
According to Christian Clark of The Athletic, Cuban said he learned some “hard lessons” after transferring majority ownership of the Mavericks to the Dumont and Adelson families.
When Cuban agreed to the transaction, he expected to retain a significant role in overseeing the franchise’s basketball operations despite no longer being its controlling owner.
However, those expectations were not fulfilled after the new ownership group assumed control of the organization.
Cuban, who remains a minority owner of the Mavericks, suggested that his willingness to trust business partners played a role in how the situation unfolded.
“I’m a really trusting partner,” Cuban said. “If I shake your hand, I mean it. So, yeah, that was a first for me.”
