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Billionaire Mark Cuban quits Shark Tank & sells Dallas Mavericks in space of 24 hours
(www.forbes.com.au)
this post was submitted on 29 Nov 2023
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…or he’s going to get accused of something.
Leaving Shark Tank and selling his basketball team in a few days isn’t normal behavior. A life altering disease doesn’t really explain it. He either wants to reduce his public persona or to divest from public assets. Politics or wanting to draw less attention to his family fits the bill, but so does facing charges.
He was accused and cleared (criminally) of sexual assault back in 2011. That’s enough proof to say he’s innocent, so don’t preemptively shit on him, but it’s something to note if something else comes up. That was way before Me Too and no civil (aka cash grab) charges were filed. Plus, the Mavericks already had problems with SA being ignored within the organization.
I’d watch how Sony responds to this and how much he gets featured in shark tank content going forward. The studio is risk averse.
He's still running the team tho, so he's not getting out of public life. He's just cashing in.