Dallas Mavericks Owner Mark Cuban Predicts the Future of NBA Ownership
Real Estate Key to NBA Success, Says Cuban
Cuban Sells Majority of Mavericks to Adelson Family
Mark Cuban, the outspoken owner of the Dallas Mavericks, has made a bold prediction about the future of NBA ownership. In a recent interview, Cuban stated that the key to success in the NBA going forward will be in owning real estate.
"The teams that own their own arenas are going to have a huge advantage," Cuban said. "The revenue streams are just so much better." Cuban's comments come at a time when the NBA is experiencing a boom in television revenue. With the new television contracts in place, teams are raking in record amounts of money.
However, Cuban believes that the real money in the NBA will be made in real estate. He points to the fact that the Mavericks' new arena, the American Airlines Center, is located in a prime location in downtown Dallas. The arena is surrounded by restaurants, bars, and other entertainment venues, which generate significant revenue for the team.
Cuban's prediction is in line with the trend of other NBA teams investing in real estate. The Los Angeles Lakers recently purchased controlling interest in the Inglewood Basketball and Entertainment Center, which will be the future home of the team.
The Toronto Raptors are also planning to build a new arena in the heart of downtown Toronto. If Cuban's prediction is correct, these teams will be well-positioned to succeed in the future of the NBA.
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