“Mark Cuban knows basketball, but the future of the professional sport relies heavily on two industries that he isn’t in, he says.”
“But the “next wave” he referred to revolves around the trend of NBA franchises seeking additional revenue streams off the court, including partnering with “tech giants, [and building] million-dollar condos and buzzy restaurants to offset the construction of new facilities,” according to ESPN.”
“If you look at the teams that spend the most money right now … it’s not because of their media deals. It’s because of their real estate empires that they’ve built,” Cuban said.
“Their ability to build and to redevelop the arena, and whatever comes next beyond that, just puts [the Mavericks franchise] in a much better position to compete.” – Cuban
Original Source via CNBC
https://www.cnbc.com/2024/02/01/mark-cuban-2-industries-will-be-next-wave-of-revenue-in-sports.html
