Mark Cuban on not advancing in Dodger auction

The billionaire owner of the Dallas Mavericks tells Access Hollywood that the sale is too intertwined with the team's TV rights deal.

"The economics got so out of control because the Dodgers' TV deal's up for bid and so there's a lot of groups coming in going, 'This TV deal's worth so much money that we're gonna pay whatever it takes to get the Dodgers.' And so they're buying the TV rights deal first and the team second," Mark said. "There's a lot of great people bidding on it. I just wasn't going to go through that given all those circumstances," he added.

Under a settlement reached with Fox earlier this month, Dodger owner Frank McCourt agreed to abide by the terms of the existing TV contract - that is, Fox has an exclusive 45-day period starting in October to try to negotiate an extension. The contract also prohibits the Dodgers from talking to other potential buyers. Of course, the interested bidders have been factoring the media rights into their prices.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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