Sale of Dallas Mavericks gives team ‘deep pockets,’ moves Mark Cuban closer toward mission
Posted on AllSides November 29th, 2023
From The Center
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Shock somewhat dissipated Wednesday as reality set in that Mark Cuban is, in fact, selling a majority stake of the Dallas Mavericks to two families that head the Las Vegas Sands Corp. The Adelson and Dumont families issued a statement confirming the binding purchase agreement to become majority owner and represent the Mavericks on the NBA’s Board of Governors. The families further stated a goal of closing the sale by year-end, pending NBA approval. Cuban declined to comment when reached Wednesday by The News. Two people with knowledge of the...
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