Bloomberg Talks

Dallas Mavericks CEO Rick Welts Talks New Arena

Jul 28, 2025
Rick Welts, CEO of the Dallas Mavericks, shares exciting insights about the team's promising new draft pick, Cooper Flagg, hinting at a bright future. He discusses ambitious plans for a new arena designed to deepen the connection with fans. Welts also explores how the Mavericks aim to enhance community engagement and develop the sports entertainment landscape in Dallas, including potential advances in media rights and the growth of the WNBA. Exciting times lie ahead for the Mavericks!
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ANECDOTE

Cooper Flagg's Strong Arrival

  • Cooper Flagg arrived in Dallas with his family, showing a strong support system and mindset.
  • His work ethic and attitude give hope he'll exceed basketball fans' expectations.
INSIGHT

Fan Resilience After Luka Trade

  • Mavericks fans deeply connect to the team, shown in the overwhelming reaction to Luka's trade.
  • The team has regained momentum with Cooper Flagg, increasing season ticket holders and sponsor interest.
ADVICE

Rebuild Trust with Engagement & Wins

  • Combine community engagement with winning to rebuild fan trust.
  • Leverage the existing goodwill from past culture rebuilding to fuel optimism going forward.
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