When it comes to stocks, Cramer’s an authority in the field. So it’s no small compliment to say that Mark Cuban actually beat the Mad Money maven in a stock-picking contest 16 years ago. Since then the Dallas Mavericks owner and HDNet co-founder has focused on some companies of his own, and he might have even more business plans on the horizon.
With that in mind, Cramer wanted to know if Cuban planned on buying the Chicago Cubs, which owner Tribune Co. announced it would sell at the end of the 2007 season. “It’s too early to tell,” the 6-foot-3 dot-com billionaire said. “To make any acquisition in any business, you have to know what you’re buying first, and you don’t buy what’s not for sale. You don’t tell them you’re buying if it’s not for sale – and it’s not for sale until the end of the year,” Cuban said.
“If they want to come to me after the baseball season … I’ll talk,” Cuban said with a mischievous smile.
As for the Dallas Mavericks, “They have been a great investment for me,” Cuban said. “On an annual P&L basis, we’ve done OK, mostly because of the money I have to pay to the commissioner,” Cuban said, joking about the fines he has received for his courtside shenanigans.