Mark Cuban is perhaps the first owner who comes to mind when one thinks of NBA franchises. Probably because of his eccentric behavior or because he is the owner with the most media presence, since 2000 Cuban has been the face of the Dallas Mavericks. He bought them for $285 million, leading them to the Finals twice and to the victory of their first and so far only ring in 2011. In these hours the billionaire completed the historic sale of the franchise to Miriam Adelson, Israeli billionaire and wife of the late tycoon Sheldon Adelson, a casino entrepreneur.
The figure? 3.5 billion dollars. A sale made even more unique by the fact that Cuban will still retain a minority stake and the ability to make the managerial decisions related to the team, so for example the market and the choice of coach and GM. Thus, it will not be a farewell to the NBA for Mark Cuban, who indeed will continue to follow the Mavs closely.
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. In one of most unique setups in NBA history, Cuban keeps shares in team and full control of basketball operations. pic.twitter.com/9iTqZvoGX1
– Shams Charania (@ShamsCharania) November 28, 2023
Milan, Italy. A graduate in Labor Management and Communication for Organizations from Catholic University, I founded BasketUniverso in 2011. Yes, I root for Orlando Magic and do my best not to hide it.
