He denied having any plans to run this year, but everything he’s doing certainly points in that direction.
longtime Dallas Mavericks owner Mark Cuban shocked the sports world after reportedly selling a « majority stake » of the team to Miriam Adelson, wife of the late casino magnate, Sheldon Adelson, for approximately $3.5 billion.
The transaction was reported just one day after Cuban confirmed to The Hollywood Reporter that he’s leaving ABC’s hit reality television show, « Shark Tank, » after the upcoming 16th season.
Frankly, Cuban’s recent moves are perplexing — being the owner of the basketball team and later becoming one of the faces of « Shark Tank » are pretty much the two sole things that’s turned him into a household name.
Prior to purchasing the Mavericks at the turn of the 21st century from the son of failed presidential candidate Ross Perot, Cuban was realistically much more known for becoming a billionaire after selling « Broadcast.com » to Yahoo for more than $5 billion worth of company shares just before the dot-com bubble burst in what Fortune magazine previously called one of the « 5 worst Internet acquisitions of all time. »
About ten months later, he set a world record in 1999 that’s still held today for the « Largest single e-commerce transaction » after he bought a Gulfstream jet for $40 million online.
