Tuesday, June 25, 2024 Jun 25, 2024
85° F Dallas, TX

Mark Cuban In Legal Trouble, Ctd.


Good heavens, I love Mark Cuban. He says, eh, it’s not so much that I’m in legal trouble, it’s that Ross Perot Jr. is in financial trouble. Here is his full e-mail response to Channel 11 (please note the awesomeness of the phrase “nickels in the sofa,” the third track to my currently untitled 2010 release):

“I can only offer my opinion, which is that Ross Perot Jr. must be desperate from the losses he has suffered from Victory and his hedge funds. My lawyers have been open with our minority partners, and in Mr. Perot’s case, very minority, about the loans to the Mavericks. The loans have been used to put the best possible Mavericks team on the court, which in turn created the NBA’s longest sellout streak and drove business to the AAC/COC and to Perot’s Victory development. As best I could tell, he was very happy to take advantage of the traffic when he had an economic interest in Victory to do so. Unfortunately for Mr. Perot, he was apparently unable to capitalize on the benefit and is trying to find nickels in the sofa cushion. It is my understanding that Mr. Perot has received legal notice of the loans since they began, right after the Mavs appearance in the Finals as we tried to improve the team further. Only he knows why he has chosen to file a lawsuit and to make it public. The unfortunate reality is that this is the nature of our business relationship with Mr. Perot. From all I can tell, he could care less if the Mavs ever win a game. I have to tell you that the biggest mistake I made in buying the Mavs was in not completely buying out his interest.”

(H/T: Fish)