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Mark Cuban foresees losses of more than one hundred million dollars in season 2020-21

Mark Cuban foresees losses of more than one hundred million dollars in season 2020-21

The financial blow suffered by NBA owners will continue through the 2020-21 season. Mark Cuban, owner of the Dallas Mavericks, has done the math and anticipates that the attendance limitations at the pavilions will cause him losses of more than one hundred million dollars.

Am I going to lose a lot of money this year? Yes, there is no doubt about it ”, admitted the businessman according to the NBC Sports media. “More than a hundred million? Yes, there are no doubts about it.

The Mavericks will be one of many NBA teams that will likely start the new season with few or no fans in the stands of their respective pavilions. Although the franchise has not yet announced whether they will admit the presence of fans at the American Airlines Arenas in Dallas, Cuban said that he would expect to “sell tickets” at some point in the second half of the season, which will run from March 11 to May 16. Other teams, like the Warriors, will have better luck and will be able to fill half their seats.

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“Hopefully, life will return to normal and everything will be fine after the vaccine,” continued the owner. “The fans will be coming back to the pavilions and I wouldn’t be surprised if we get to a point where there are enough people vaccinated, maybe it’s March, April and even May, to be able to sell tickets.”

At this point, the uncertainty is at the time of day and no one can be sure how the next few months will develop. Although there is a medical sector that indicates that the United States should face the summer with about 80% of the population vaccinated, Moncef Slaoui, chief scientific advisor to the White House, estimates that the country will have to wait until the end of 2021 to “have the pandemic under control. “

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However, Cuban wanted to downplay it and acknowledged being in a privileged position to deal with this small economic drain. In 2000 he paid $ 280 million to become the majority owner of the franchise, currently valued at more than $ 2 billion. Additionally, his net worth is estimated to be around $ 4.2 billion, according to Forbes.

“Fortunately, I am in a position where I can afford these losses. I will continue to pay our employees, as is the right thing to do. But at the same time, I would like us to return to our regular seasonal calendar as soon as possible. ” (GG) (NBA Maniacs)

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