Kirby Lee-Imagn Images
Jul 29, 2026; Oxnard, CA, USA; Dallas Cowboys owner Jerry Jones at training camp at River Ridge Playing Fields.
As of now, Dallas Cowboys owner Jerry Jones has no interest in selling even a minority stake in the team that he bought in 1989 and helped turn into the most valuable sports franchise in the world.
Jones, 83, has full control of the franchise and has passed down various jobs to his children, Stephen, Charlotte, and Jerry Jr.
But according to a recent interview with Calvin Watkins of the Dallas Morning News, there is one investor who could make Jones reconsider his stance on selling a portion of the Cowboys organization.
Jerry Jones Could Sell A Minority Stake In The Cowboys To Mark Cuban
Like Jones, Mark Cuban, purchased the Dallas Mavericks as a distressed asset and helped turn them into one of the league’s premier franchises.
In 2023, Cuban sold a large portion of his stake in the team to Miriam Adelson, and currently owns just 27 percent. However, if he’s interested in getting back into the ownership game, Jones is all ears.
“That’s exactly why, if you’re me, you would be open to that is because of the man,” Jones told Watkins of Cuban. “I have all the respect in the world for him, and I know what he did for the Mavericks and what he’s done for basketball. He’s in additional to financial boatstreams of your team; you want to associate with the highest quality of [a person] who loves the game and then also at the same time wants to do something about it. Mark leads the way in that.”
Cuban, who just purchased a portion of the MLB’s Athletics, also wouldn’t be closed off to the idea.
“I’m sure our Harbinger fund would be open to it,” he said, referring to the group that purchased the A’s.
Jerry Jones Isn’t Alone In His Viewpoint
Like his father, Stephen Jones said he’d only be interested in working with certain investors.
“We wouldn’t rule it out,” Stephen Jones said on local radio station 105.3 The Fan. “But we’d also be very particular in who we would bring in as a partner in terms of that. But, yes, it was designed when [the NFL] passed that rule that you could have private equity involved in the NFL and you could have minority partners, you know. It made sense for a lot of different reasons, and every owner who chooses to go that path can speak for themselves in terms of why they’re doing it. But it does, I think, it’s a great tool.”
At this point, most Cowboys fans would be overjoyed to have another voice in the room when it comes to major decisions. While Jerry Jones experienced immediate success, winning three Super Bowls in his first seven seasons as an owner, Dallas hasn’t reached the NFC Championship Game in over three decades since.