Mark Cuban: Owning U.S. Pro Esports Team Is "Awful Business"
Mavericks Owner Mark Cuban believes owning a pro esports team in the U.S. is "awful business," though he does believe there is money to be made with teams in Asia. Speaking to FS1's Kristine Leahy, Cuban said a lot of people who "bought into teams, not the esports themselves, had no idea how bad a business it was." Cuban: "In aggregate, it's a good business. Is it growing? Yes. But domestically here in the United States, it's an awful business owning a team. So you're seeing a lot of consolidation as people get out and try to sell. You see a lot of people trying to raise more money. You see the valuations coming down." Cuban believes many people who bought in "didn't recognize the difference between a stream and viewer in Europe and Asia versus a stream and a viewer here" ("Fair Game," FS1, 10/23). In Dallas, Dom DiFurio notes Cuban's "frank comments on the business of owning an esports team stand out, since he owns the NBA 2K League team Mavs Gaming" (DALLAS MORNING NEWS, 10/25).