from original owner Don Carter in March 1996. Under his four-year tenure, the Mavericks made no more progress on the court than they had in Carter's final seasons, and nowhere near what they would do under his successor, Mark Cuban. It was said that he was a basketball novice, or disinterested in the sport and was using his position as team owner to front his projects, most notably Victory Park, which was anchored by the American Airlines Center which opened in 2001. He sold the team to Cuban in January 2000 and the franchise did not have a losing season in any of the subsequent fifteen seasons, winning two Western Conference championships and the 2011 NBA championship. In May 2010, Perot, who retained 5 percent ownership, filed a lawsuit against Cuban, alleging the franchise was insolvent or in imminent danger of insolvency. In June 2010, Cuban responded in a court filing maintaining Perot is wrongly seeking money to offset some $100 million in losses on the Victory Park real estate development. The lawsuit was dismissed in 2011, due in part to Cuban asserting proper management of the team due to its recent victory in the 2011 NBA Finals. In 2014, the 5th Circuit Court affirmed that decision on appeal. Following his initial defeat, Perot attempted to shut out Mavericks fans from use of the parking lots he controlled near the American Airlines Center. Perot retains a minority stake in the team, as does his predecessor Carter's estate. Honors In 1982, President Ronald Reagan presented Perot with the Gold Medal Award for Extraordinary Service. In 1983, Perot was the recipient of the Golden Plate Award of the American Academy of Achievement. In 2007, Perot was the recipient of the Woodrow Wilson Award for Corporate Citizenship. In 2007, Perot was the recipient of the Secretary of Defense Medal for Outstanding Public Service. In 2008, Perot and his father, H. Ross Perot, jointly received the H. Neil Mallon Award presented by the World Affairs Council - Dallas/Fort Worth. In 2012, Perot was inducted into the Texas Transportation Hall of Honor. In 2019, National Business Aviation Association (NBAA) bestowed its 2019 Meritorious Service to Aviation Award to Perot. In 2022, the National Eagle Scout Association awarded him the Distinguished Eagle Scout Award. See also Notable alumni of St. Mark's School of Texas References External links Bio at AllianceTexas.com Bio at GuideIT.com 1958 births Living