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Owner of the Dallas Mavericks is venturing into MMA

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Old 09-12-2007, 08:32 AM
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Default Owner of the Dallas Mavericks is venturing into MMA

This could be very big for MMA and we could see a lot of people jumping ship and going the Cuban as a alternate to UFC. He has tons of connections in the sports world AND his pockets are DEEEEEEEEEEEEEEEEP. Next year looks to be very interesting for MMA.


another site with basically the same article.


Originally Posted by Josh Gross
Mark Cuban has harangued NBA officials, served Blizzards at Dairy Queen, and played the role of Benefactor on national television.

Now the 49-year-old billionaire owner of the Dallas Mavericks is set to step full-force into mixed martial arts -- both as a promoter of big-budget events and as the driving influence behind a fledgling television network he intends to make the premiere destination for MMA-related programming.

Dominated by the wildly popular Ultimate Fighting Championship, which Saturday lured more young men to Spike TV for a tape-delayed event than any college football game or NASCAR race attracted to their respective networks the same day, it's clear the combat sport has successfully grappled its way into living rooms across America.

"I think the UFC is a unique property that has a unique approach," Cuban told Sherdog.com during an exclusive e-mail interview. "I think Dana White and the Fertittas have done a remarkable job. [But] their model can only support a finite number of athletes, which leaves the door open for us to coexist.

"We certainly won't be a minor league feeder for them. But I think we would compete minimally for top-end free agents only because UFC locks them up to exclusive deals. I think some fighters would prefer our open approach."

The initial plan, as Cuban described it, was to pool quality regional MMA organizations such as Las Vegas-based Steele Cage Promotions, which in turn would promote enough shows to provide regular programming for HDNet's Friday Fight Night series.

"What he really told us is that he's directing all his efforts to have the No. 1 mixed martial arts TV network," retired boxing referee turned fight promoter Richard Steele said after meeting with Cuban for several hours in Las Vegas.

Currently available in 6 million homes, Cuban launched his high-definition television network in 2001. While a partnership with HDNet would aid promoters like Steele Cage and the International Fight League (it's rumored Cuban is also in serious discussions with WWE's Vince and Linda McMahon) by providing them an independent television carrier, Cuban said his various businesses figure to benefit greatly from a strong connection with MMA.

The ability to market across multiple platforms -- promoting at the American Airlines Center in Dallas, an arena Cuban co-owns; creating DVD content for Magnolia Home Entertainment; broadcasting live events in his movie theaters; and of course producing events for HDNet, which is growing 5 percent a month in a rapidly expanding HD television market -- led Cuban to say that when he chooses to promote his own events, he won't end up like other deep-pocketed, wide-eyed promoters who failed to see a return on their investment.

"We want to keep things good for the athletes but we also have to be financially responsible for what we're doing with our promoters," said Guy Mezger (Pictures), whom Cuban tasked with overseeing talent development and matchmaking duties for MMA on HDNet. "We can't expect some of our promoters to sit here and drop $50,000 for an athlete when they have a show that is not bringing in enough money to justify that."

However, it shouldn't surprise anyone who's followed Cuban's tenure as owner of the Mavericks that he'll ignore his frugal grain if he thinks spending money will improve his product.

"We certainly won't need to blow through $40 million dollars, although it's not an investment level I would be unwilling to make," Cuban conceded, alluding to the hefty sum the UFC spent before it started to see some money coming back.

"At times he is like a great big kid," Mezger said of Cuban, who made a splash last week by throwing his hat into the Fedor Emelianenko (Pictures) sweepstakes. "It's like he opens up a Christmas present and he's excited about it and he sees another Christmas present and he's equally excited about it.

"All these opportunities come," the retired fighter continued. "When he first approached me with the idea of doing their own deal and putting this thing on, it was a much smaller idea. But as he gets going, he has tremendous energy. I'm not kidding you, this guy, I mean I don't know when he sleeps."

For MMA fans, Cuban's vigor should yield more fight programming in the short term, including the expectation of live cards on HDNet or pay-per-view, as well as an innovative news program focusing on the sport: "Inside MMA," which debuts Friday.

"Think ‘Inside the NFL' on HBO," the HDNet chairman said.

Fanning the flames of his reputation as a player's owner, Cuban indicated he plans on "making a significant investment in MMA with the goal of promoting it as a professional sport with professional athletes."

"There is no reason that a fighter in an undercard match should be treated any differently than how I treat our players on the Mavs," he said. "I don't think MMA professional athletes get treated with the respect and professionalism they deserve and that has created an opportunity for me and HDNet."

When asked if the perceived lack of respect extends all the way to the biggest promoters in the sport, including the UFC, Cuban took dead aim at MMA's promotional structure by comparing it to professional wrestling.

"The UFC has done an amazing job of building a business," he said. "They deserve a ton of credit. But from my perspective they really have taken a page from the WWE. Not that it's scripted, it's not. Rather that the events are over-produced. The attention is taken away from the athletes and placed on the bigger brands.

"The UFC is a great company doing great business and they will be around for a long time," he continued, "but we are going to learn from them and learn from my experiences in the NBA and try to take the best of both worlds to the benefit of the fans and the athletes involved."

Planning upwards of 24 events in 2008, both in conjunction with partner promoters and on his own, Cuban appears to be diving headfirst into a very competitive fighter market.

"I think he could be a major player," Steele said. "He has the TV. He really has the drive to try and boost the company as far as making it visible in the whole country. This guy can do it if he gets behind something."

Steele's International Fighting Organization debuted on HDNet last Friday and became one of the few promotions in the sport to have an independent broadcast crew call fights.

That, said IFO CEO Steve Oshins, is an important component of what the relationship with HDNet brings to his or any other MMA show.

"I think it's helpful. Otherwise what we see with other organizations is better promoting of the guy that they want to win," Oshins said. "They make better comments about who's making them the big money. Whereas having Ron Kruk and his team from HDNet commentating for our events, they're not going to favor anyone because they don't really know who we're promoting on the long-term basis."

That independence has been a trademark of HDNet-produced programming since the network debuted six years ago.

"The key to the future of MMA in my opinion is creating a foundation for young fighters to turn professional with confidence they can make a living and take care of their families," Cuban said.

"I also think the sport has followed the WWE event script too closely. The WWE isn't trying to be a professional sport. MMA should be. If we are going to be a professional sport, covered by sports networks, partnering with sports advertisers, etcetera, the sport might have to do the unthinkable and even get rid of ringside bimbos."
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