Mark Cuban To Sell Majority Stake In Dallas Mavericks, Will Keep Control of Basketball Operations

Mark Cuban isn’t new to making history, and now, it appears he is back at it again. 

According to reports, the billionaire team owner is selling a majority stake in the Dallas Mavericks. However, the agreement would allow Cuban to maintain a minority stake and control of Basketball Operations for the team. 

The deal, first reported by Marc Stein, is being finalized and reportedly valued at $3.5 billion. 

The Adelson family is in the process of buying a significant stake in the Dallas Mavericks, @TheSteinLine has learned.

League sources say Mark Cuban would continue to retain operational control of the team.

More to come on this breaking news via https://t.co/A6ycVmnrjq

— Marc Stein (@TheSteinLine) November 28, 2023

Sources say the new Mavericks owner is the widow of the late Casino Mogul Sheldon Adelson. According to Forbes, Miriam Adelson’s network is valued at $32.3 billion, landing her among the Top 5 richest women in the world. 

When Cuban first bought the Mavericks, he paid $285 million in 2000. According to Forbes, with a current value of about $4.5 billion, the businessman will be getting a massive return on his investment. 

This announcement comes after Cuban revealed he will not return for the 16th season of the ABC investment show Shark Tank . 

Someone like Cuban is so influential and essential in the business world that it makes sense that he wants to keep his hands in the Mavericks organization; however, everyone eventually wants something fresh, a new challenge to immerse themselves in.

Upon the deal’s completion, sources tell TMZ that Miriam plans to build a new arena for the Dallas team and a Casino if a gambling bill passes in Texas.