{"id":68582,"date":"2023-11-29T02:12:00","date_gmt":"2023-11-29T02:12:00","guid":{"rendered":"https:\/\/talkcelnews.com\/?p=68582"},"modified":"2023-11-29T02:12:00","modified_gmt":"2023-11-29T02:12:00","slug":"mark-cuban-sells-majority-stake-in-nbas-dallas-mavericks","status":"publish","type":"post","link":"https:\/\/talkcelnews.com\/celebrities\/mark-cuban-sells-majority-stake-in-nbas-dallas-mavericks\/","title":{"rendered":"Mark Cuban Sells Majority Stake In NBA's Dallas Mavericks"},"content":{"rendered":"
<\/p>\n
Big news out of Big D … Mark Cuban<\/strong> is selling his majority stake in the NBA’s Dallas Mavericks, while still holding onto the reigns in basketball operations.<\/p>\n The billionaire is selling his majority stake to Miriam Adelson<\/strong> … TMZ Sports has confirmed.<\/p>\n <\/p>\n While Mark is selling a stake reportedly valued at $3.5 billion, he will retain some shares in the team and be the lead decision-maker when it comes to basketball ops.<\/p>\n <\/p>\n Cuban bought the team in 2000 for $285 million, so he\u2019s getting a huge return on investment!<\/p>\n Miriam is the billionaire widow and heiress of Sheldon Adelson<\/strong> and his Las Vegas casino empire … Forbes has her net worth at $32.3 billion, making her the fifth richest woman in the world.<\/p>\n Our sources say Adelson has plans to build a new arena for the Mavs, and, if a gambling bill passes in Texas, we\u2019re told she might also build a casino in Dallas.<\/p>\n Miriam is reportedly selling $2 billion of her shares in Las Vegas Sands Group to make the Mavs purchase.<\/p>\n <\/p>\n Under Cuban, the Mavericks have been perennial contenders in the NBA’s Western Conference, winning the franchise’s first and only NBA championship in 2011, defeating LeBron James<\/strong> and the Miami Heat.<\/p>\n Earlier this week, Cuban revealed he’s leaving ABC’s “Shark Tank” after the upcoming 16th season.<\/p>\n <\/p>\n Lots going on in Mark\u2019s world \u2026 including cohosting \u201cTMZ\u2019s Merry Elfin\u2019 Christmas\u201d special, premiering Dec. 5 in primetime on Fox!<\/p>\n