After selling his majority stake in the Dallas Mavericks, Mark Cuban is getting back into the basketball ownership game. <\/p>\n
The multi-billionaire is taking his funding north of the border and is joining the ownership group of the Canadian Elite Basketball League’s Brampton Honey Badgers, the team announced Thursday. <\/p>\n
\u201cI am thrilled that Mark has decided to formally join me on this journey after having already helped along the way, including introducing me to our current CEO, Al Whitley,\u201d said Honey Badgers owner Leonard Asper. \u201cNo one brings more basketball knowledge and winning culture than Mark, and all of us at the Honey Badgers are honoured to have him join this organization.\u201d<\/p>\n
Cuban became the Mavericks’ principal owner in 2000 when he bought a majority stake in the franchise for $285 million. He sold his share in the team, a 73 per cent controlling interest, to Miriam Adelson and Patrick Dumont in Dec. 2023, earning an estimated $3.5 billion from the sale. <\/p>\n
While leading the Mavericks, Cuban oversaw the team’s 2011 championship run \u2014 the team’s only title \u2014 and was well known as one of the more publicized owners in the NBA. <\/p>\n
\u201cCanadian basketball is probably the most underappreciated in the world,\u201d Cuban said in a press release. \u201cThe talent here is through the roof and getting better by the day. The CEBL offers all of Canada the chance to see that amazing talent on display in exciting games that are fun and affordable for the entire family. I\u2019m excited to be part of this team, help build the Brampton fanbase, and to bring some of the same fun we had in Dallas to the Toronto area!\u201d<\/p>\n
The Honey Badgers, who now play at the CAA Centre in Brampton, are one of the CEBL’s founding franchises. They won their first and only championship in 2022 while representing Hamilton.<\/p>\n","protected":false},"excerpt":{"rendered":"After selling his majority stake in the Dallas Mavericks, Mark Cuban is getting back into the basketball ownership…\n","protected":false},"author":2,"featured_media":654059,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194339],"tags":[51759,49,48],"class_list":["post-654058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brampton","tag-brampton","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/654058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=654058"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/654058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/654059"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=654058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=654058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=654058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}