Mark Cuban’s Mavericks Sale To Casino Magnate Miriam Adelson Approved By NBA
Posted on AllSides December 27th, 2023
From The Center
The NBA Board of Governors unanimously approved a major sale of the Dallas Mavericks from billionaire investor Mark Cuban to billionaire casino magnate Miriam Adelson, giving Adelson and her family the majority stake in the franchise, in a deal estimated at roughly $3.5 billion. Adelson, the widow of late Las Vegas Sands CEO and major GOP donor Sheldon Adelson, who died in 2021, will take a 73% majority stake in the Mavericks in a deal that allows Cuban to maintain a 27% minority stake and continue to serve as the...
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