Sunday, April 25, 2010

Mark Cuban does not take chances

How's this for diversifying your bonds?

Mark Cuban just invested a bunch of money in the fledgling United Football League. Yes, that Mark Cuban -- the same Mark Cuban who owns a perennial playoff player in the Dallas Mavericks and is at no shortage for money.

So why, oh why, would he throw some cash at a second-rate football league?

Cuban said one reason he joined the ownership group now was because of the timing of a potential NFL lockout of the 2011 season, which would focus more attention on the UFL.

"It will make things really interesting, potentially," Cuban said. "Now if there's not a lockout, it's a valid league. But, that just made it more interesting."

In other words, Mark Cuban probably doesn't think there will be an NFL in the season after next.

If he's right, he could make a killing on what is probably just a drop in his ocean of money.

If he's not, he probably won't even notice the difference in his bank account.

It's a win-win situation for Cuban.

Now if only the NFL could say the same thing about its own labor dilemma...

No comments:

Post a Comment