Mavericks Owner Mark Cuban To Sell Majority Stake To Billionaire Miriam Adelson, Retaining Control of Team
Photo: Instagram/Mark Cuban Dallas Mavericks owner Mark Cuban is reportedly selling a majority stake in the franchise to billionaire Miriam Adelson, the largest shareholder of Las Vegas Sands. Despite the sale, Cuban is set to maintain control of the team, according to NBA insiders Marc Stein and Shams Charania. Miriam Adelson, known for her vast wealth and recent stock sale of approximately $2 billion in Las Vegas Sands, is entering the world of professional sports by acquiring a significant share of the Mavericks. Photo: Instagram/Mark Cuban The deal values the team at $3.5 billion, slightly below Forbes' recent valuation of $4.5 billion, ranking them as the seventh-most valuable NBA franchise. Cuban's strategic move aligns with his ambition to relocate the Mavericks to a new arena, ideally situated within a resort and casino. This plan may involve a partnership with Las Vegas Sands, the world's largest casino company. However, the challenge lies in Texas' current ...