Cuban: Modano got the ball rolling
"I'm not looking to outright buy the team," Cuban said. "I have talked to somebody who is interested in buying the team and I told them I would try to help them get a deal done. From my end, I like hockey, I'm a fan, but I'm not a hockey guy. l'm not going to lie and pretend I can come in and bring the energy that I try to bring to the Mavs.
Galloway & Co.: 2/10
Mark Cuban joins GAC to chat about potentially investing in the Dallas Stars.
"But because they are a partner in the American Airlines Center, they are going to be a business partner no matter what. If I can help facilitate the right deal and a deal that is going to help the AAC, or help get what I think is a good deal done, I will."
Cuban, who said he was introduced to the interested buyer by Stars center Mike Modano, termed his interest as "an investor as opposed to an operational guy."
Stars owner Tom Hicks, on behalf of Hicks Sports Group, has hired a firm to find investors for the club. HSG, who owns the Stars and 50 percent of American Airlines Center, is willing to sell a majority stake in the club in order to help pay down its debts. Hicks said Monday that he lent $85 million of his own money to HSG in a two-year period that ended on March 31, 2009, when the company defaulted on $525 million in loans.
The process of possibly selling the team has just started, but Hicks said he'd like the situation resolved by the end of the summer.
"Part of the problem is that it's a cascading effect," Cuban said of potentially becoming part of a group to buy the Stars. "The [Texas] Rangers stuff has to get done first before we can really see what happens with the Stars, and the NHL is actively involved now on the Stars side, too."
Cuban said he had looked at joining a group to buy the Stars and Rangers when it appeared a deal might not get done with Rangers Baseball Express, the group headed by Chuck Greenberg and Rangers president Nolan Ryan.
"I went in and took a look at everything," Cuban said. "There was no reason to make a real offer at that point. It was a fallback in case Chuck's deal fell."