A new page in the ownership regime of Mavericks.
Mark Cuban came to an agreement with a wealthy family that owns a casino company to sell the Dallas team against $3.5 billion. This deal has received approval from the NBA to proceed and is expected to be formally completed in the next few days.
The new owners of the Texans will be two related families, Miriam Edelson and Sivan and Patrick Dumont, who operate casinos in Las Vegas, also having large areas in Singapore and Macau. In fact, Miriam Edelson’s son, Maytan, is the owner of the basketball, Hapoel Jerusalem.
From there, based on the terms that have been entered into, Mark Cuban will still “run” a part of the Mavs’ procedural issues, while the two sides have agreed that the team will not move to Las Vegas, but will remain in Dallas. In fact, the plan includes the construction of a new stadium.
Quirky and rather demonstrative Mark Cuban bought the Mavericks in January 2000 for $285 million. In all that time, the Dallas team has only missed the playoffs five times, while they have played in two NBA Finals with a highlight of course the conquest of the 2010/11 season.
Right now, the Mavericks have a record 18-12 in the West.
The NBA Board of Governors approves Dallas Mavericks sale pic.twitter.com/3qimhG00uj
— Adrian Wojnarowski (@wojespn) December 27, 2023
Source: Sport Fm
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
