Mark Cuban to Sell Majority Stake in Mavericks to Adelson Family
TL;DR Summary
Mark Cuban has agreed to sell a majority stake in the Dallas Mavericks to Miriam Adelson and her family, pending approval from the NBA's board of governors. Cuban will retain an ownership stake and control over basketball operations. The sale is estimated to be in the range of $3.5 billion. The Adelson family, major shareholders in Las Vegas Sands, plans to fund the purchase by selling $2 billion worth of stock. The Mavericks have been transformed under Cuban's ownership, winning their first championship in 2011 and making the playoffs in 18 of the past 23 seasons.
- Mark Cuban agrees to sell majority share of Mavericks to Adelson family The Washington Post
- Sources - Mark Cuban nears sale of Mavericks stake to Adelson family ESPN
- Report: Mavericks owner Mark Cuban selling majority stake to billionaire Miriam Adelson, will retain control of team Yahoo Sports
- Top Sands shareholder Adelson selling $2B in stock to buy Dallas Mavericks Las Vegas Review-Journal
- Mark Cuban selling Dallas Mavericks majority stake to Adelson family CNBC Television
Reading Insights
Total Reads
0
Unique Readers
9
Time Saved
3 min
vs 4 min read
Condensed
86%
696 → 96 words
Want the full story? Read the original article
Read on The Washington Post