Mark Cuban: Out of the SEC Frying Pan ... Into the Hillwood Fire

By Richie Whitt, Monday, Jul. 20 2009 @ 4:00PM

Categories: Dallas Mavericks

Just as Dallas Mavericks' owner Mark Cuban is finishing his jig in the wake of beating an insider trading charge from the Securities & Exchange Commission, today comes another legal pothole.

This one from the guy who sold him the Mavericks.

Hillwood Center Partners, which is controlled by Ross Perot Jr., filed a lawsuit against Cuban in state district court in Dallas last week claiming he diverted money from American Airlines Center to make up for financial shortfalls incurred by the Mavericks.

Cuban usually has his shit together when it comes to money.

We've always thought the Mavs were losing money, though he has never cracked open his books for the details. The lawsuit claims Cuban has covered significant cash shortfalls for the Mavericks by obtaining more than $29 million in unauthorized loans through a limited partnership.

Sounds like, at worst, nothing more than robbing Peter to pay Paul. But from Don Nelson's contract to the SEC to this, Cuban sure spends a lot of time in court.

Tags:

basketball, Mark Cuban

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Comments (8)

BeefSupreme says:

Cuban is now also a bond holder w/ Zuffa.

But I know how you distance from any and all things MMA related on this site, so not surprised it wasn't mentioned....

Posted On: Monday, Jul. 20 2009 @ 4:27PM

jamal says:

wake me up when you're ready to talk about erin andrews.

Posted On: Monday, Jul. 20 2009 @ 4:35PM

says:

http://midwestswing.files.wordpress.com/2009/04/erin-andrews.jpg

Posted On: Monday, Jul. 20 2009 @ 4:48PM

BeefSupreme says:

Oh yeah... the Erin Andrews tape is a pretty hot subject too.

Seriously RW, you had this blog going places when you used to have things like the "Ask the Sportatorium" and a mix of all different kinds of sports topped off w/ your unique perspective on everything.

In that Golden Age, this was a great little stop down to find things you couldn't see anywhere else on the web

Nowadays it's just week-long sabbaticals bookended by the Russ Martin and Rangers report.

Look, I'm for a good vactation as much as the next guy; but when you return bring the heat - not just more of the same. I mean christ, you were IN VEGAS during the holy grail of MMA events, no word on that at all?? Thankfully this place has good peeps like NameThatDude to keep us in the know on all things outside of radio hosts that haven't worked in this town for years...

Posted On: Monday, Jul. 20 2009 @ 4:54PM

bruiser says:

Richie, next time take your vacation during the BUSIEST time in sports instead of the slowest. And when you come back, you'd better "bring it!" And cover MMA because, even though it's your blog, a few people care about 'roid'd out dudes smelling each others balls. Dance monkey, dance!! Dance I said!

Posted On: Monday, Jul. 20 2009 @ 5:02PM

DirtyP1 says:

haha, get off Richie, he took time off during "dead time"....
We are selfish though Richie, crack the damn laptop open and say "I'm here in Vegas and it looks like something major is going on" or somesuch.
Wait, better idea...the radio guys you cover have people fill in for them, next time just have someone fill in for you.
Problem solved.

Posted On: Monday, Jul. 20 2009 @ 5:05PM

BeefSupreme says:

@bruiser

Look I know it's a slow sports time of the year. I'm just saying, weather you are a fan of MMA or not UFC 100 was a pretty big deal. And were I a sports blogger IN VEGAS when it was going down, I'd maybe jot down a note or 2 on it.

Not to mention with the affiliation returning to Dallas in Sept. for UFC 103, it could be a good springboard to cover it locally.

Besides, even if you are not a fan, wouldn't it be nice to see a little variety on here? Seriously, do we all care THAT much about Russ Martin??

Posted On: Monday, Jul. 20 2009 @ 5:20PM

Richie Whitt says:

Sorry, but the last thing I wanna do on vacation is crack open a laptop or jot down a note or two. I didn't even go to the fight.

That said - you'll be pleased - I am going to write an entire column on UFC when it comes calling in September.

Posted On: Monday, Jul. 20 2009 @ 6:21PM