Why did Mark Cuban step down from Shark Tank and sell the Mavs?
28
165
Ṁ1.8KṀ1.1K
2025
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15%
Entering politics (running for President/Governor/Mayor or appointed to a government position)
8%
An announced Health Issue (Rumors do not count unless published in major media outlet from a source)
1.8%
Personal Scandal/Indicted for Crime
30%
Starting or joining a new company or board of directors
25%
Other confirmed cause
20%
Nothing known by time of close (12/31/2024)
If more than one occurs will resolve both to 50% or all 3 to 33.33%. For example, gets divorced (personal scandal) and runs for mayor.
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He sold the Mavs to focus on bringing gambling to Texas and building a new stadium with a casino attached. https://www.marketplace.org/2023/12/05/mark-cuban-dallas-mavericks-texas-gambling/
According to all the reporting I can find, he's stated it's because he wanted to spend more time with his kids:
https://www.forbes.com/sites/jemimamcevoy/2023/11/29/the-real-reason-mark-cuban-is-exiting-shark-tankand-maybe-the-mavericks/?sh=5a4a829654d6
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