Mark Cuban selling majority stake in Dallas Mavericks, report says

The hidden hopes behind Mark Cuban's $3.5B Mavericks sale to casino mogul

It's a bombshell that shocked the worlds of business and sports. Billionaire Mark Cuban is reportedly selling a majority stake in the Dallas Mavericks to Miriam Adelson — casino mogul Sheldon Adelson's widow. 's widow.  When news first broke Tuesday, Nov. 28, that Adelson was selling $2 billion in Las Vegas Sands stock to buy a sports franchise, Cuban's squad wasn't high on the speculative list. The NBA is targeting Las Vegas for an expansion te…

Casino magnate to buy majority share of NBA’s Dallas Mavericks from Mark Cuban, reports say - WSVN 7News | Miami News, Weather, Sports

(CNN) — The owner of a casino empire is preparing to buy a majority share of the NBA’s Dallas Mavericks franchise from billionaire businessman Mark Cuban, according to reports. The reports come as Las Vegas Sands Corp. informed the Securities and Exchange Commission Tuesday that Dr. Miriam Adelson, the company’s majority shareholder, and the Adelson family trust plans to sell $2 billion of Sands stock “to fund the purchase of a majority interest…

Mark Cuban Reportedly Selling Dallas Mavericks Stake for $3.5 Billion

Mark Cuban is reportedly moving on from his team ownership position in the NBA. Cuban, 65, is selling the majority stake of the Dallas Mavericks to Miriam Adelson, the widow of late Las Vegas Sands CEO, sources told The Athletic and Stadium’s NBA insider Shams Charani on Tuesday, November 28. According to the report, Cuban is selling his share “for valuation in [the] range of $3.5 billion.” However, this doesn’t mean Cuban is fully out. The deal…

Mark Cuban to sell majority stake in Dallas Mavericks

Photo: Dorothy J. Gentry By Dorothy J. Gentry Sports Editor, Texas Metro News Dallas Mavericks owner Mark Cuban shocked both the sports and business world Tuesday with the announcement that he would sell a majority stake of the team to billionaire Miriam Adelson and the casino tycoon Adelson family for a reported $3.5 billion.  Adelson is the largest shareholder of the Las Vegas Sands casino.  Cuban will reportedly keep shares in the team and wi…

Mark Cuban selling NBA’s Dallas Mavericks for $3.5 billion

Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, a person with knowledge of the talks said Tuesday night.

Is Mark Cuban Selling the Dallas Mavericks to Run for Higher Office?

The 65-year-old franchise owner has reportedly decided to sell a majority stake in the Dallas team to the family that runs the casino company Las Vegas Sands.