Cuban Sells the Mavs

11/30/2023

By: Jeff Yoder

Dallas Mavericks Owner Mark Cuban is Selling the Team & Leaving “Shark Tank”

It’s the end of the Cuban era in Dallas, but not exactly. Mavericks owner Mark Cuban sold his majority stake in the team this week to casino billionaire Miriam Adelson — the largest shareholder of the Las Vegas Sands and the fifth-richest woman in the world. Cuban will maintain a minority stake and control of the team’s basketball operations, so Kyrie Irving and Luka Doncic need not worry. You’ll still see the Mavs’ hype man riling up opponents on the sideline. Cuban purchased the team in 2000 for a mere $285 million. The Adelsons are purchasing into the team at a $3.5 billion valuation. Cuban also hopes the Mavs move to a new arena that doubles as a resort and casino, likely a key reason for the new partnership.

Cuban also announced Tuesday that he plans to leave the show “Shark Tank” after next season. It looks like a glorious, slow-roll retirement on the horizon for one of the sport’s most illustrious billionaire execs. Or is it something else?

Dallas Morning News: Mark Cuban Has Been Face of Mavericks Franchise, Why Would He Get Out Now?

Photo: Christian Petersen / Getty Images