Mark Cuban's Sale of Mavericks to Adelson Brings Casino Dreams Closer
Mark Cuban is selling a majority stake of the Dallas Mavericks to the Adelson and Dumont families, who head the Las Vegas Sands Corp. The sale agreement allows Cuban to continue operating the franchise while relinquishing his majority stakeholder and governor statuses. The families aim to close the sale by year-end pending NBA approval. The deal combines the Sands' real estate, entertainment venue, and casino gambling expertise with Cuban's ownership track record and public influence, providing the Mavericks with "deep pockets" to compete with wealthier NBA franchises. The sale marks the first time non-North Texans will be the principal owners of the Mavericks.
- Sale of Mavs means ‘deep pockets,’ moves Mark Cuban closer to mission The Dallas Morning News
- Mavericks owner Mark Cuban selling majority stake to billionaire Miriam Adelson, will retain control of team Yahoo Sports
- Sources say that Cuban, who bought the team from Ross Perot Jr. in January 2000 for a purchase price… Hoops Hype
- Adelson deal to buy Dallas Mavericks could be completed in coming weeks Las Vegas Review-Journal
- Mark Cuban, the Mavericks and the great plan to bring a casino to Dallas The Dallas Morning News
Reading Insights
0
9
6 min
vs 7 min read
92%
1,222 → 103 words
Want the full story? Read the original article
Read on The Dallas Morning News