What’s next for Mark Cuban after the billionaire businessman sells his majority stake in the Dallas Mavericks?
What’s next for Mark Cuban after the billionaire businessman sells his majority stake in the Dallas Mavericks?
Cuban, 65, had the NBA world buzzing after The Athletic reported Tuesday he is selling majority stake of the NBA team to Miriam Adelson, whose family runs the Las Vegas Sands casino company, at a $3.5 billion valuation.
Cuban will keep shares in the NBA team — he originally purchased in 2000 for $285 million — and have full control of basketball operations as part of the reported deal.
It could be the first steps in a potential plan to build a new arena as part of a resort attraction in downtown Dallas.
“I will still run basketball ops,” said Cuban, who also confirmed that the Mavericks will not relocate to Las Vegas.
