Mark Cuban will now be owning both Mavericks and Mustang, a small town far out from Dallas with relatively nothing in it, as he recently just bought it to help a friend according to a NBC news article from December 4. In it they say,
“Dallas Mavericks owner Mark Cuban purchased an entire, tiny — and virtually empty — Texas town.
An abandoned strip club and vacant mobile home park are about all that’s still standing in the 76.8-acre community of Mustang, which is about 65 miles south of American Airlines Center, home of Cuban’s NBA franchise.
“Did it to help out a friend. No plans yet!” Cuban said in an email to NBC News on Friday.”
The friend he was referring to was Marty Price who have recently just passed away, however, the price of the entire town was never disclosed according to a News.com.au article from December 4 which reports,
“Mustang had been on the market for about four years once main owner Marty Price fell ill and wanted to sell, according to Dallas real estate agent Mike Turner.
Price was a Mavericks season ticket holder and had struck up a friendship with Cuban.
The town was first listed on the market in 2017 for AUD$5.7 million, but that price was later halved to around $2.8 million.
Cuban and Turner haven’t revealed the final sale price, but it’s believed the 63-year-old paid much less than the original asking price.”
Mike Turner, a president of a Dallas-based real estate firm, gave details regarding Price and Cuban’s relationship as well as some comments for Cuban who really wanted to help Price according to a WFAA article from December 3 which observes,
“It was natural, I think, for (Price) to communicate his desire to sell and liquidate this property to Mr. Cuban,” Turner said. “Mavs and mustangs: Those are related. We were happy to see it go into the proper steward’s hands.”
“It says that Mark has a big heart. He’s a great guy. And he’s always on the lookout to help his friends no matter who they are,” Turner said.
“So I look forward to seeing how he develops it,” Turner said. “I know he’s in no rush and we’ll just wait and see.”
Despite the spontaneous decision of Cuban and the excitement of people living around Mustang, Cuban emphasized that he will still see where it will take him and what he will do with it.