Mavs owner Mark Cuban says Texas not ready for business as usual
DALLAS - As Gov. Greg Abbott moves forward with reopening the state, Dallas Mavericks owner Mark Cuban is speaking out. He believes it’s too soon.
Cuban is part of President Donald Trump’s newly formed Economic Advisory Council, which will provide input on how to successfully reopen the nation’s economy.
He said he’s anxious to reopen his businesses in Dallas but doesn’t believe Texas is ready for “business as usual.”
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Cuban said the federal and state government need to provide more specific protocols to define what steps are necessary to ensure the health of customers and employees will be protected.
Otherwise, he said the public will just have to trust that businesses have adequate health and safety guidelines in place.
Cuban also addressed reports that thousands of small business owners missed out on loans from the federal government’s Paycheck Protection Program before the fund ran out of money last week.
He told FOX’s Laura Ingraham that the law should have specified that large, public companies are not eligible.
"The banks are just trying to do their best [but] they were overmatched. The reality is there should have been limits placed in terms of total assets, total revenues, other ways to determine if a company or organization is too big to qualify, and that was a failing. But look, they rushed it through and they needed to get the money out quickly, so we expected that there would be mistakes but there should have been asset limits placed on this,” he said.
Cuban joined FOX 4's Good Day live Wednesday morning to talk about his ideas for the presidential panel and more. He admitted he has been critical of the president in the past.
"I mean, he knows that I'm not his biggest fan but he's open to ideas. They've assigned people to work with me for a bunch of stuff I've sent their way. So they deserve a lot of credit. They've been good. Now, they haven't put any into action yet. Maybe they just don't like the ideas or I'm not explaining them well but either way they get credit for really being open-minded," he said.
Cuba did sound an optimistic note for the long run.
"We're a country built by entreprenuers. We're a country built by innovation and we're gonna see new companies created. We're gonna see great, world-changing companies created. It's unfortunate that it took this to di it but I'm confident when we get to the other side, Texas will be stronger than ever," he said.