Mark Cuban claims to have made money in only two of his 23 years owning the Dallas Mavericks and that he lost hundreds of millions of dollars in the process. Cuban was a highly influential owner, particularly early in his tenure by upgrading the services around the team from the types of hotels they stayed at to even the quality of the towels in the locker room.
“I did every damn thing I could for 23 years,” Cuban wrote. “Kept prices lower than not only any NBA team, but lower than college teams too. I made money 2 out of 23 years I was the majority owner. Lost hundreds of millions of dollars.”
Cuban bought the Mavericks for $285 million in 2000 and sold his majority share in the team in 2023 at a $3.5 billion valuation.