and will take the Mavericks’ seat on the Board of Governors.Ĭuban reportedly wanted to partner with The Sands to build an arena, hotel and casino in downtown Dallas.

Her son-in-law Patrick Dumont is the COO of Sands Corp. Miriam Adelson, widow of casino magnate Sheldon Adelson, announced last month she was selling $2 billion of her shares to buy a sports team that was widely tipped to be the Mavericks. The buyer is the Las Vegas Sands Corp., owned by the Adelson and Dumont families. The Mavericks’ current roster, led by all-world point guard Luka Doncic and, to a lesser extent, superstar Kyrie Irving, is the strongest the team has assembled since it won the NBA championship behind all-time great Dirk Nowitzki in 2010-2011. Cuban has expressed concern in the past about the broadcast deal after this one (likely after 2030) and expresses concern that the sports broadcast rights bubble could burst.Ĭuban is also selling at a high point in terms of player personnel.

Lakers Inaugural NBA In-Season Tournament Victory Posts Record-Setting Audience For Regular Season GameĬuban is selling at a time franchise values are rising (in part based on a new national television broadcast deal starting in 2025 expected to double that national revenue) and likely expansion will bring a flood of cash to teams’ bottom lines (through expansion fees).

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