cuban sold 69% to miriam for 3.5b, he retains 27%
4.13% remains with mary stanton, widow of horace ardinger who bought that stake in 1980 for $300k and did not sell along with the other minority owners in december 23
ai sez:
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Rumored NBA expansion fees are expected to range from $4 billion to $7 billion per new team, depending on the market and a potential bidding war. Some reports suggest the league could collect as much as $10 billion combined from two new teams. These fees would be distributed among the existing 30 owners.
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someone please figure out the math:
1 that buys out the remaining 31% of the dallas nba franchise (so it moves to vegas)
2 how is the $10 billion for the "new" sonics and the "new" mavs split between the 2 teams based on market value or tv sets or whatever
3 then reverse that math back in to slightly higher payments to all of the other ownership groups i.e. the adelsons don't get a taste of the expansion fees for the 2 "new" teams because they got a massive discount to buy themselves out of the clusterfuck they created
4 what is that number cuban has to come up with or find other investors to co-fund the "new" mavs?