DALLAS: Mark Cuban and Jerry Jones are open to a Cowboys minority stake deal, the Dallas Morning News reported. Neither side has announced an agreement.
Jones told reporter Calvin Watkins that he respected Cuban’s work with the Dallas Mavericks and basketball.
He described Cuban as a high-quality prospective partner who loves sports and could help the franchise. Cuban said Harbinger Sports Partners would consider buying an interest, NBC Sports eported.
Cuban co-founded the $450-million fund to pursue minority positions in major American sports teams. However, Harbinger is not among the private-equity funds approved for NFL investments, NBC Sports reported.
That creates a regulatory hurdle if the fund, rather than Cuban personally, pursues the stake.
The NFL began allowing approved private equity funds to acquire team stakes in 2024. The league’s policy caps its combined ownership at 10% of any franchise.
Each fund must buy at least 3% and receive no voting power. Approved funds must hold investments for six years and may invest in six franchises.
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Cowboys executive vice president Stephen Jones recently said Dallas was considering a minority sale. However, neither side has disclosed a proposed percentage, valuation, negotiating timetable or sale terms.
Cuban’s interest reverses his 2014 warning that the NFL was heading toward collapse. NBC Sports noted that franchise values instead rose sharply.
