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Miriam Adelson

All articles tagged with #miriam adelson

sports1 year ago

"Miriam Adelson's Mavericks: Healthy, Dominant, and Unstoppable"

Miriam Adelson, the new majority owner of the Dallas Mavericks, attended her first game since purchasing the franchise, sitting courtside next to son-in-law and Mavericks governor Patrick Dumont. The 78-year-old casino magnate, who is still the majority shareholder of Las Vegas Sands Corp., was seen in a coat decorated with blue, white, and silver stars, alongside Cowboys star Micah Parsons. With a reported net worth of about $32 billion, Adelson is now one of the few female owners of a U.S. professional sports franchise, following her $3.9 billion purchase from former owner Mark Cuban.

via The Dallas Morning News|
#dallas-mavericks#miriam-adelson#nba
sports2 years ago

"Mark Cuban Transfers Majority Stake in Dallas Mavericks to Adelson Family"

Mark Cuban, owner of the Dallas Mavericks, has agreed to sell a majority stake in the NBA team to the family of Miriam Adelson, widow of GOP donor Sheldon Adelson. The prospective new owners, the Adelson and Dumont families, have entered into binding purchase agreements. The terms of the sale, estimated at $3.5 billion, have not been disclosed. The transaction is expected to close by year-end, pending customary closing conditions and NBA Board of Governors' approval. The Dallas Mavericks, valued at approximately $4.5 billion, are one of the league's most valuable franchises.

via NBC News|
#dallas-mavericks#mark-cuban#miriam-adelson
sports2 years ago

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

Mark Cuban, owner of the Dallas Mavericks, is selling a majority stake of the team to billionaire Miriam Adelson and her son-in-law Patrick Dumont. Cuban will retain control of the franchise despite selling the majority share. Adelson, the largest shareholder of Las Vegas Sands, is purchasing into the Mavericks at a valuation of $3.5 billion. The goal is to build a new arena for the team in partnership with Las Vegas Sands, although sports betting and casinos are currently illegal in Texas. Cuban, who bought the Mavericks in 2000, plans to leave the show "Shark Tank" after its 16th season next year.

via Yahoo Sports|
#dallas-mavericks#mark-cuban#miriam-adelson
sports2 years ago

Mark Cuban's Unexpected Business Move: Selling Majority Stake of Dallas Mavericks

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.

via CBS Pittsburgh|
#dallas-mavericks#mark-cuban#miriam-adelson
sports2 years ago

Mark Cuban to Sell Majority Stake in Dallas Mavericks to Adelson Family

Dallas Mavericks owner Mark Cuban is reportedly in talks to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino, with the deal estimated to be valued at $3.5 billion. Cuban would retain control of basketball operations, and the sale would take weeks for the league to process. The family of Miriam Adelson, widow of casino magnate Sheldon Adelson, announced earlier their intention to buy an unspecified professional sports team.

via NPR|
#dallas-mavericks#las-vegas-sands#mark-cuban
sports2 years ago

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.

via The Athletic|
#dallas-mavericks#mark-cuban#miriam-adelson
sports2 years ago

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.

via The Dallas Morning News|
#dallas-mavericks#mark-cuban#miriam-adelson
business2 years ago

Miriam Adelson's $2 billion Las Vegas Sands stock sale fuels sports team acquisition plans

Miriam Adelson, the largest shareholder of Las Vegas Sands, plans to sell $2 billion worth of company stock to fund the purchase of a professional sports team. The specific sport, team, and city have not been disclosed. Las Vegas has become a popular sports destination, with teams like the Vegas Golden Knights and the Las Vegas Aces. Major League Baseball owners have also approved the relocation of the Oakland A's to Las Vegas. Adelson, listed as the fifth richest woman in the world, inherited a majority stake in the casino company after her spouse, Sheldon Adelson, passed away. Las Vegas Sands will buy $250 million worth of Adelson's shares, and the company recently announced a $2 billion share repurchase authorization.

via CNBC|
#business#las-vegas-sands#miriam-adelson