Sunday, August 8, 2010

Cuban, Almost Texas Ranger

I just read Mark Cuban's blog post about his unsuccessful attempt to buy the Texas Rangers. I thought it was a good read and once again shows his business savvy. Here's an excerpt from his perspective regarding how there could have been a TV money synergy with him owning both the Mavs and Rangers:

In addition, as everyone told me time and again, the Rangers TV deal ran out in 4 years.  Combine that with the Mavs TV deal running out just a few years later and it could either form a foundation for a new sports network, or preferably cause Fox to pay an ungodly amount of money to keep the teams on FSN.  Fox had more to lose from a competitive sports network being formed, particularly in Texas,  than a new network had to gain from being created. So the leverage of owning both teams was enormous.
That was a financial win for both teams.  The ability to earn more money from TV revenues for both teams meant more money could be put on the field/court.  It was a unique situation.

Honestly, I'd like to see Cuban buy the Pittsburgh Pirates. He has shown an interest in buying them, and I actually think he could turn them around.

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