"Mark Cuban's Targeted Sale of Mavericks to Adelson and Dumont Set for December 20, Potentially Impacting Texas Gambling Expansion Efforts"
The sale of majority interest in the Dallas Mavericks to the Adelson and Dumont families is set to be approved by the NBA Board of Governors on December 20. The families have reportedly acquired the stakes of five current minority owners, including previous majority owners Ross Perot Jr. and the family of late Mavericks co-founder Donald Carter. The Adelson-Dumont tandem, with an estimated worth of $33 billion, would become the third wealthiest owners in American professional sports. Mark Cuban will remain a minority owner with a significant stake and continue to oversee the team's basketball operations. The final valuation of the sale is expected to be around $3.8 billion.