"Mark Cuban to Sell Majority Stake in Dallas Mavericks to Casino Magnate Miriam Adelson"

Majority Stake Sale

Mark Cuban is reportedly selling a majority ownership in the Dallas Mavericks to casino billionaire Miriam Adelson and her family.

Control Retention

Cuban will retain complete control of the team's basketball operations after the sale.

Miriam Adelson

Miriam Adelson, widow of Las Vegas casino billionaire Sheldon Adelson, bought the shares to sell $2 billion of her Las Vegas Sands Corp. stock.


NBA insider Shams Charania estimates the sale at $3.5 billion, a significant sports business move.

SEC Filing

 A Securities and Exchange Commission document revealed Miriam Adelson's stock sale and franchise purchase plans.

NBA Board of Governors

 The NBA Board of Governors must approve any ownership agreement to ensure league compliance.

Interest Merger

All of their interests would be brought together as a consequence of the transaction.

Casino and Resort Plans

The merging interests planned to create a Dallas casino and resort if Texas legalized gaming.

For More Stories