The longtime Dallas Mavericks owner made moves that could signify political ambitions, but he says he’s not interested.
Mark Cuban is selling a majority stake in the Dallas Mavericks, according to multiple reports that surfaced on Tuesday.
Cuban is selling to Miriam Adelson, owner of luxury resort company Las Vegas Sands who was married to billionaire Sheldon Adelson from 1991 until his death in 2021. The Mavericks were valued at $3.5 billion in the sale, and Cuban will retain a strong stake in the Mavs with final say in basketball operations.
In the wake of the news, multiple media outlets and numerous high-profile social-media users suggested that Cuban is divesting himself in preparation for a presidential run.
“(Sincerely) He’s running,” Jason Concepcion wrote on X, formerly Twitter, referencing a popular internet meme.
“Leaving Shark Tank. Selling Mavs. Readying for run at U.S. Presidency?” Darren Rovell wondered.
But Cuban told NBC News on Wednesday that he has “no plans to run” after telling the network in July that his family would “disown” him if he ran as a third-party candidate.
Cuban, 65, has consistently squashed speculation about a presidential run. He previously told CNBC that they hadn’t heard much about it for a reason, and he wanted to “keep it that way.
