Mark Cuban Selling Dallas Mavericks Stake to Adelson Family: Report
Mark Cuban is selling his majority stake in the Dallas Mavericks to casino magnate Sheldon Adelson’s late widow Miriam, reports said. The agreement would value the NBA team at roughly $3.5 billion, according to The Athletic reporter Shams Charania. It also includes a rather unique arrangement: Cuban is set to retain his position as the head of basketball operations. The Shark Tank host and entrepreneur has owned the team since 2000.
Sources: Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and casino tycoon Adelson family for valuation in range of $3.5 billion. In one of most unique setups in NBA history, Cuban keeps shares in team and full control of basketball operations. pic.twitter.com/9iTqZvoGX1
— Shams Charania (@ShamsCharania) November 28, 2023
