The valuation of the sale is in the range of $3.5 billion and must be approved by the NBA Board of Governors before becoming final.
Mark Cuban is selling a majority stake in the Dallas Mavericks to Miriam Adelson and the Adelson family, NBA insider Marc Stein reports. The valuation of the sale is in the range of $3.5 billion, according to Shams Charania of The Athletic and Stadium.
Cuban will keep his shares of the team as part of the deal. He will also retain complete control over the Mavericks’ basketball operations despite Adleson owning a greater than 50% share of the team.
