Mark Cuban to Sell Majority Stake in Mavericks to Adelson Family, Retain Operational Control

Dallas Mavericks owner Mark Cuban is selling a majority stake in the franchise to Miriam Adelson and her family for a valuation of around $3.5 billion. However, Cuban will retain shares in the team and maintain control of basketball operations. Adelson's expertise in real estate development and casino gaming in Dallas were appealing factors in the sale. If approved, Adelson would become the second woman to be the principal owner of an NBA team. This transaction marks the end of a period of skyrocketing valuations for NBA teams. Cuban's decision to sell while retaining control of basketball operations is surprising but allows him to continue running the team.