Sources: Mark Cuban nears sale of Mavericks stake to Adelson family

Posted on AllSides November 28th, 2023
From The Left

DALLAS -- The Adelson family has had advanced discussions about buying a significant share of the Dallas Mavericks, sources told ESPN. Mark Cuban would remain governor of the franchise and in control of all basketball decisions, according to sources. The Adelson family is selling almost $2 billion in stock in the Las Vegas Sands Corp., "to fund the purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals," according to an SEC filing. The Sands group, led by casino...

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