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News » Dallas Mavericks Notes, Quotes 2009-07-25


Dallas Mavericks Notes, Quotes 2009-07-25


Dallas Mavericks Notes, Quotes 2009-07-25
--Days after a federal judge tossed out the Security and Exchange Commission's insider-trading suit against Mark Cuban, the flamboyant owner was hit with a lawsuit filed by fellow billionaire and former Mavs owner Ross Perot Jr. In a lawsuit, Perot's Hillwood Center Partners accuses Cuban of wrongfully diverting millions of dollars in arena profits to fund the operations of his money-losing Mavericks.

Perot sold controlling interest in the team to Cuban in 2000. The lawsuit focuses on a Cuban-controlled company called Radical Arena Ltd., which owns about one-third of Center Operating Co., which leases American Airlines Center from the city of Dallas. Cuban controls 92.5 percent and Hillwood 7.5 percent of Radical Arena, the suit says.

Cuban says he's done nothing wrong and accuses Perot of being "desperate" from recent financial setbacks and of "trying to find nickels in the sofa cushion."

--Owner Mark Cuban has promised to deliver a record crowd of 100,000 at the new Cowboys Stadium in Arlington for the 2010 NBA All-Star Game. To get there, they've got to get moving on ticket sales.

The push is on. In mid-July, Mavs season-ticket holders took part in a special pre-sale. Tickets go on sale to the general public on July 29, well before the Feb. 14 game. Ticket prices range from $500 for field level to $25 for upper corner seats. Package deals are also available that include admission to events Friday, Saturday and Sunday for $3,000.

Cuban refused to host the All-Star game at American Airlines Center in the past because he could not provide tickets to all Mavs season-ticket holders. In a joint project with the Dallas Cowboys, now he can.

QUOTE TO NOTE: "They're in a tough spot. When you offer somebody a mid-level exception and you don't get him, that's a pretty big loss." -- F Brandon Bass, about Orlando matching the Mavs' offer to C Marcin Gortat shortly after Bass signed a free-agent deal with the Magic, leaving the Mavericks.


Author: Fox Sports
Author's Website: http://www.foxsports.com
Added: July 25, 2009

 

 
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