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Dallas Mavericks Owners Respond To Reports: 'The Team Is Not ...
Owners emphasize long-term commitment and plan to increase their stake while focusing on team growth and a new arena, rejecting buyback rumors.
- Late Wednesday, the Dumont and Adelson families issued an emphatic statement to The News denying the Dallas Mavericks are for sale amid recent investor interest reports.
- Longtime NBA insider Marc Stein reported earlier this week that local investors showed tangible interest in teaming with Mark Cuban, who said he was unaware of them and doubts a sale.
- Following the December 2023 sale, Dumont wrote, 'No one associated with the Mavericks organization is happy with the start of what we all believed would be a promising season.'
- Earlier Wednesday, the team confirmed it has retained CAA Sports to lead commercial strategy for a new arena, with site options in Downtown Dallas or the Valley View Center property and a 2031 lease expiry at American Airlines Center.
- Looking at the longer term, Adelson-Dumont plans to lessen Cuban's stake before the December 2027 deadline, potentially impacting ownership and community influence.
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11 Articles
11 Articles
Mavericks ownership says team is not for sale amid buyback speculation
The Dallas Mavericks’ majority ownership says the NBA franchise is not for sale, pushing back against reports that former owner Mark Cuban could be involved in an effort to buy back the team.
·Philadelphia, United States
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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