Mark Cuban to Sell Majority Stake in Dallas Mavericks to Adelson Family
TL;DR
Dallas Mavericks owner Mark Cuban is in talks to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company for a valuation of $3.5 billion. The deal would allow Cuban to retain control of basketball operations. The potential buyer, Miriam Adelson, widow of casino magnate Sheldon Adelson, announced the sale of $2 billion of her shares to buy a professional sports team. The sale is subject to league approval and could take several weeks to process. Cuban has expressed interest in partnering with Sands and has been a proponent of legalizing gambling in Texas.
- Mark Cuban working on $3.5B sale of Dallas Mavericks to Sands casino family, AP source says The Associated Press
- Report: Mavericks owner Mark Cuban selling majority stake to billionaire Miriam Adelson, will retain control of team Yahoo Sports
- Mark Cuban selling Dallas Mavericks majority stake to Adelson family CNBC Television
- Miriam Adelson Said To Be Buying Large Dallas Mavericks Stake Casino.Org News
- Sources - Mark Cuban nears sale of Mavericks stake to Adelson family ESPN
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