In a surprising turn of events, billionaire Mark Cuban, renowned for his role on ABC’s ‘Shark Tank’ and ownership of the NBA’s Dallas Mavericks, has announced to Axios and NBC News that he will never run for elective office, quashing rumors of a potential White House bid, and has revealed plans to exit ‘Shark Tank’ and sell his majority stake in the Mavericks to the Las Vegas Sands casino empire for an estimated $3.5 billion.
No Political Ambitions
“I will never run for elective office,” Cuban told Axios, thereby putting an end to the speculation about his potential bid for the presidency. This announcement comes amidst rumors of his political ambitions, fueled by his previous hints at a possible presidential bid in 2020 as an independent candidate.
However, Cuban has now made it clear that he has “no plans” to run for president in 2024, despite encouragement from some quarters for him to run as a third-party candidate. He cited family reasons for his decision, stating that his family “would disown me if I ran for president”.
Leaving ‘Shark Tank’
In addition to his political announcement, Cuban also revealed his plans to leave the popular ABC show “Shark Tank” next year.
“I just want to have a couple summers with my teens before they go off on their own. Nothing to do with the show. I love it. I love being on it. I love what it represents and how it motivates entrepreneurs around the world,” Cuban said.
Selling Stake in Mavericks
Furthermore, Cuban is reportedly looking to sell his majority stake in the NBA’s Dallas Mavericks. The potential deal, which is with the family that runs the Las Vegas Sands casino empire, is estimated to be worth around $3.5 billion, according to The Associated Press. Cuban’s decision to sell his stake in the Mavericks comes after more than two decades of ownership, during which he helped transform the team into a major force in the NBA.
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A New Chapter
Cuban’s announcements mark a significant shift in his career trajectory and indicate a new chapter in his life. While the exact reasons behind these decisions remain unclear, what is certain is that Cuban’s influence in the worlds of business, sports, and entertainment will continue to be felt for years to come. As for his political ambitions, it seems that Cuban has closed that door for good. However, given his track record of surprising moves, one can never say never.
Mark Cuban, a prominent figure in the worlds of business, sports, and entertainment, has made significant decisions that mark a new chapter in his life. His definitive statement of never running for elective office puts to rest any speculation about his political ambitions. His departure from “Shark Tank” and the potential sale of his majority stake in the Dallas Mavericks signal major changes in his professional engagements.
As these developments unfold, one thing remains certain: Cuban’s influence and legacy will continue to resonate. His decisions serve as a reminder of the dynamic nature of careers and ambitions, leaving us to ponder the future trajectories of such influential figures.
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