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Don Carter (businessman)

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Residence  Dallas, TX
Role  Businessman
Other names  Don Carter
Spouse  Linda Carter
Citizenship  US
Name  Don Carter

Don Carter (businessman)

Born  1933Arkansas
Occupation  Investor, business leader
Known for  Founder of Dallas Mavericks & Dallas Sidekicks
Children  Donald J. "Joey" Carter, Jr.

Organizations founded  Dallas Mavericks

Donald J. Carter (born 1933) is an American investor and businessman who was a founding owner of the Dallas Mavericks of the National Basketball Association (NBA) and the Dallas Sidekicks of the Major Indoor Soccer League (MISL). Now a minority partner in the Mavericks, he has had a familiar courtside presence at its home games, always wearing a cowboy hat.

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Early life

Carter was born into a poor family in Arkansas in 1933. However, by 1957, his mother, Mary Crowley made a fortune in a direct marketing interior decoration business, known as Home Interiors and Gifts. The business was sold to Hicks, Muse, Tate & Furst and netted Carter millions of dollars.

Career

Carter, along with Norm Sonju, founded an NBA expansion team, the Dallas Mavericks, in 1980. When Sonju had difficulty securing the funds needed for the US$12 million expansion entry fee, Carter stepped forward to guarantee its payment. This initial investment in the team (US$34.9 million in today's terms) eventually earned him US$125 million (US$191 million in today's terms) when he sold the team in 1996 to an investment group led by H. Ross Perot, Jr..

Over the years, Carter has owned many different types of businesses, including a Rolls-Royce dealership. Other businesses include banks, trucking firms, hotels, rodeo arenas, and cattle ranches. In the 2011 championship win by the Dallas Mavericks over the Miami Heat he was given the honor of receiving the Larry O'Brien trophy by Mark Cuban as the first owner. A minority (4%) owner, he frequently attends Mavericks games.

References

Don Carter (businessman) Wikipedia