Sale of Dallas Mavericks gives team ‘deep pockets,’ moves Mark Cuban closer toward mission

Posted on AllSides November 29th, 2023
From The Center

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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https://dallasnews.com/sports/mavericks/2023/11/29/sale-of-dallas-mavericks-gives-team-deep-pockets-moves-mark-cuban-closer-toward-mission

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