Mark Cuban wants to sell a 'Significant Stake' in Mavs

Dallas Mavericks owner Mark Cuban is in talks to sell a substantial portion of his team to the Adelson family, reveals NBA insider Marc Stein. Miriam Adelson, widow of casino mogul Sheldon Adelson, is making a bold $2 billion stock move to secure a majority stake in an undisclosed professional sports team.

Adelsons Seal the Deal

Miriam Adelson's stock sale isn't just a financial move; it's a strategic play. The family has a binding purchase agreement for the team, utilizing the $2 billion proceeds alongside existing funds, pending standard league approvals.

Cuban Holds the Reins

Despite the stake sale, Mark Cuban will retain operational control of the Dallas Mavericks, ensuring a smooth transition. The 65-year-old visionary initially acquired a majority stake in the Mavs for $285 million in January 2000.

Franchise Value Soars

According to Forbes' October 2023 estimates, the Dallas Mavericks rank as the seventh-most valuable NBA franchise, boasting a staggering $4.5 billion valuation. Cuban's legacy and the Adelsons' strategic move shape the future of this dynamic sports investment.