Cuban: If you have at least 15% of the shares, you can have the right to operate the team. I still have 27% of the shares.

Cuban was a guest at a local podcast program in Dallas and talked about his past of selling his team's equity.

Talking about the Celtics and Lakers who have also sold teams recently, Cuban said that if you want to sell the team, you must still be one of the team's small bosses. For this reason, you must own at least 15% of the team's shares. Cuban said that he still has 27% of the team's shares, which was what he intended when he sold the team (That was intentional).

According to previous reports, when the Lakers sold the team for $10 billion, Jenny Buss retained 15% of the equity and will still be responsible for the team's operations.

Cuban sold most of the Mavericks' equity for $3.5 billion in 2023.