What is Mark Cuban doing now? 'Shark Tank' star firmly declares no 2024 presidential run following departure from ABC show
LOS ANGELES, CALIFORNIA: Mark Cuban is making some big business moves right now.
The billionaire entrepreneur, founder of the Dallas Mavericks, recently divested his majority stake in the renowned basketball team to Miriam Adelson and the Adelson family.
In discussions about the business deal, it's worth noting that the 65-year-old TV star will continue to oversee the basketball operations of the NBA team.
Recently, the 'Shark Tank' star revealed that he would not be returning for Season 17 of the ABC show.
For those who may not be aware, let us inform you that Cuban initially appeared as a guest on the show during its second season and later became a regular member starting in season 3.
He recently provided insight into the 2024 presidential elections and clarified that he has no intentions of running for president in that year.
At the moment, he has a lot of time to think if he wants to get into politics or not.
Mark Cuban stated in 2019 that he needed permission to run for president
During a 2019 interview with Neil Cavuto on Fox Business Network, the business mogul spilled the beans on running for the presidential elections.
At that time, Cuban mentioned that he wouldn't be attaching “2020 presidential candidate” to his name.
During that moment, he expressed, "My family voted it down. ... If you can change their mind, I'm all in."
Why did Mark Cuban leave ABC's show 'Shark Tank'?
Cuban recently announced that he is leaving ABC's show 'Shark Tank' after Season 16.
While making an appearance on the 'All the Smoke podcast,' the billionaire told the hosts Matt Barnes and Stephen Jackson that he won't be returning to 'Shark Tank' after its sixteenth season.
He said, "This is our 15th year, and next year, our 16th year, is gonna be my last year. So I got one more year to go."
The television personality also talked about the impact of the business show and added, “I love it because it sends the message the American dream is alive and well.”
Cuban continued, "I feel like in doing Shark Tank all these years, we’ve trained multiple generations of entrepreneurs that if somebody can come from Iowa or Sacramento or wherever, and show up on the carpet of Shark Tank and show their business and get a deal, it’s going to inspire generations of kids."
He went on to say, “That’s what happens, right? Now we’ve got people coming on saying I watched you when I was 10 years old. I’m like, f—. But we’re helping them, right? I’ve invested in, I don’t know how many hundreds of companies.”
Mark Cuban sells his majority stake in Dallas Mavericks to Miriam Adelson
As per a report by NBC News, Cuban is selling his majority stake in the NBA's Dallas Mavericks to casino magnate Miriam Adelson.
The statement issued by NBA on behalf of both parties reads, "The Adelson and Dumont families have entered into binding purchase agreements to acquire majority ownership and the right to serve as Governor of the Dallas Maverick."
It has been reported by the media outlet that Cuban's highest stake is valued at $3.5 billion. He bought the NBA team in the year 2000 for $285 million.
The family statement read, "The families are targeting a closing of the transaction by year-end, subject to satisfaction of customary closing conditions and approval of the NBA Board of Governors."
