Posted by Sabrina B. @gametimegirl

On April 23, ESPNDallas ran a piece in which Mark Cuban announced he’d become an investor in the start-up United Football League, co-founded by Bill Hambrecht — the man who took Apple and Google, among others, public. Said the Dallas Mavericks’ owner at the time, he didn’t want to invest in a franchise, but thought putting money into the league was a good idea, especially with a potential NFL lock-out on the horizon: “Now if there’s not a lockout, it’s a valid league. But, that just made it more interesting.”Turns out, that investment was worth $5 million — and, according to a lawsuit filed in Dallas federal court this week, it was a loan Cuban expected to be paid back by October of last year. Cuban confirmed as much last night via e-mail, when attempts to reach his attorney, Fish & Richardson’s Tom Melsheimer, proved unsuccessful.

Written By Robert Wilonsky & Full Story here