Mark Cuban to Sell Majority Stake of Dallas Mavericks to Miriam Adelson

Mark Cuban, owner of the Dallas Mavericks, is in the process of selling a majority interest in the franchise to Miriam Adelson, the widow of casino magnate Sheldon Adelson. While Adelson and her family would own a greater than 50% stake, Cuban would maintain operational control. The sale is part of a larger plan to partner with the Las Vegas Sands Corp. in building a Dallas resort casino and arena, pending the legalization of gambling in Texas. The deal is subject to approval by the NBA Board of Governors.