SBD/Issue 46/Franchises

Cuban Refutes Latest Report He Is Looking Into Buying Stars

Cuban Says His Interest In Stars
Would Be As A Minority Partner

Mavericks Owner Mark Cuban Saturday in an e-mail refuted reports he was looking at buying the Stars, saying that his interest in the team "would only be as a minority partner and only to help him with control of the American Airlines Center," according to Mike Heika of the DALLAS MORNING NEWS. Cuban wrote in the e-mail, "I've had conversations w/ several folks for the same reason: As always, the arena. And I will talk to anyone who is interested in the Stars, because I would like to get control of the arena" (DALLAS MORNING NEWS, 11/14). Cuban added that he "has been contacted and has had discussions with a half-dozen prospective ownership partners over about year's time." But he added, "None of whom are close to doing a deal because of the price tag" (ESPNDALLAS.com, 11/14). However, Rogers Sportsnet's John Shannon reported Cuban has "waited for everyone else to kick the tires. Now he's going to come in and look at the books." Shannon: "We're talking basically a price between $50-100 million in cash and another $150 million in debt. Don't be surprised if you hear another name, a local Dallas businessman named Bill Quinn as part of Cuban's partnership." Shannon reported Vancouver developer Tom Gaglardi is out of the running for the Stars for "two reasons." NHL Commissioner Gary Bettman "would like local ownership and then, people forget this -- Tom Gaglardi took the Aquilini brothers to court last year and the year before about how they acquired the Canucks." Shannon: "Something tells me that people inside the club don't like guys outside the club stirring up the pot" ("Hockey Central," Rogers Sportsnet, 11/13).

Return to top

Related Topics:

Franchises

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug