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Cowboys Owner Open to Selling Minority Stake to Mark Cuban

8/5/2026

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Summary

Story summary

Dallas Cowboys owner Jerry Jones said he is open to selling a minority stake to Mark Cuban.
Stephen Jones said the family will not rule out a minority sale now that NFL rules allow 3%–10% private-equity stakes.
Cuban said his Harbinger fund would be open to buying a stake, though it lacks NFL approval.
Forbes values the Cowboys at $13 billion in 2026, making it the league’s top franchise.

History

Historical Context

In January 2000, internet entrepreneur Mark Cuban bought a majority stake in the NBA’s Dallas Mavericks from H. Ross Perot Jr. for $285 million, a deal that dramatically lifted the franchise’s market value. Cuban’s high-profile purchase now informs Jerry Jones’s consideration of a minority equity offer from the Harbinger fund for the Dallas Cowboys, reflecting a broader shift toward private-equity participation in major U.S. sports teams.

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Story summary

Dallas Cowboys owner Jerry Jones said he is open to selling a minority stake to Mark Cuban.
Stephen Jones said the family will not rule out a minority sale now that NFL rules allow 3%–10% private-equity stakes.
Cuban said his Harbinger fund would be open to buying a stake, though it lacks NFL approval.
Forbes values the Cowboys at $13 billion in 2026, making it the league’s top franchise.

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