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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)
Filed Under: NBA

Comments

13 Comments
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ChestRockwell3 months
The potential buyer must be betting that Texas gets legalized gambling
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ExpoTiger3 months
How did he pull that off?
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cajunmud3 months
Some financial jujitsu right there.
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FlyinTiger933 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.
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DeafVallyBatnR3 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.
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Preach
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SLAP993 months
Sold the cow, keeps the milk.
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Timeoday3 months
They made Cuban an offer he could not refuse!!
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I think that the Venetian hotel and casino was built for 2.5 billion at the time
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soccerfüt3 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.
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ValleyTNTIGER3 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.
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Morpheus3 months
Pretty strong ROI
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whodatfan3 months
You don't say?
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