According to Shams Charania of The Athletic and Stadium, Dallas Mavericks owner Mark Cuban is selling a majority stake of his organization for $3.5 billion...

quote:
"Sources: Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and casino tycoon Adelson family for valuation in range of $3.5 billion," Charania wrote. "In one of most unique setups in NBA history, Cuban keeps shares in team and full control of basketball operations.

"2000: Mark Cuban buys the Mavericks for $285 million 2023: Cuban reaches a deal to sell majority ownership in Mavs for valuation in range of $3.5 billion — while keeping a strong stake and full control and final say in basketball operations."

(The Spun)

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DeafVallyBatnR•27 months

So now it's OK to be connected to gambling in Major sports. But Pete Rose can't be in Baseball Hall of Fame. That is some BS right there.

ThatTahoeOverThere•27 months

Preach

soccerfüt•27 months

I heard Cuban told Dan Patrick recently (I believe it was, it may have been recorded) that he would never sell a minority stake in the Mavs. Turns out he didn’t, but who’d have guessed he’d sell a majority stake but keep the part of ownership that he probably enjoyed the most? He’s got his cake and can eat it too. Shrewd dude.

ValleyTNTIGER•27 months

He is very shrewd. And he is forward looking.
If you have not, check out his drug supply company CostPlus by Mark Cuban.
I save money on all my continuing prescriptions through him. It’s better than with insurance . By that I mean cheaper than co-pays.

SLAP99•27 months

Sold the cow, keeps the milk.

FlyinTiger93•27 months

Cuban is a genius, despite everyone questioning his move to sell. He is a business man that sees NBA valuation falling. Get out now, before the market tanks.

Timeoday•27 months

They made Cuban an offer he could not refuse!!

cajunmud•27 months

Some financial jujitsu right there.

HoustonGumbeauxGuy•27 months

I think that the Venetian hotel and casino was built for 2.5 billion at the time

Morpheus•27 months

Pretty strong ROI

whodatfan•27 months

You don't say?

ChestRockwell•27 months

The potential buyer must be betting that Texas gets legalized gambling