Mark Cuban's Unexpected Business Move: Selling Majority Stake of Dallas Mavericks
TL;DR Summary
Mark Cuban is reportedly selling a majority stake in the Dallas Mavericks to casino magnate Miriam Adelson and the Adelson family. However, Cuban will still maintain full control of the team's basketball operations. The sale is valued at $3.5 billion and is subject to approval by the NBA Board of Governors. If finalized, the deal would merge the interests of Cuban and the Las Vegas Sands Corporation, potentially paving the way for a casino and resort in Dallas. Cuban, a Pittsburgh native, bought the Mavericks in 2000 and has been one of the league's most high-profile owners.
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