OT: Mark Cuban Wins NBA’s Approval To Sell Dallas Mavericks To Las Vegas Casino Family

[Brian in Mesa]

Mark Cuban Wins NBA’s Approval To Sell Dallas Mavericks To Las Vegas Casino Family

Cuban bought the Mavericks for $285 million in 2000 is now selling a portion of the team for about $3.5 billion.

deadline.com

 

[Brian in Mesa]

Mark Cuban says the changing NBA landscape led to his sale of the Mavs to casino families

Mark Cuban sees a future of NBA ownership where the advantages will be in real estate. The high-profile billionaire says that’s why he sold his majority stake in the Dallas Mavericks to a pair of families with strong ties to the hotel and casino industry.

apnews.com

 

[Brian in Mesa]

Sands casino family says they'll buy majority of Mavs from Cuban. AP source says valuation is $3.5B

Dallas Mavericks owner Mark Cuban has entered into an agreement to sell a majority stake in the team to the Las Vegas Sands casino family.

apnews.com

 

[Covert Rain]

So weird Cuban is jumping ship unless he is about to launch a new business or get into politics.

 

[NashDishesDimes]

So weird Cuban is jumping ship unless he is about to launch a new business or get into politics.

Agreed, especially for an owner that seems so enthused by that team. Only other explanation is hes cashing in on some ishbia valuations, and still maintains control, plus he can open the gambling side due to the affiliation

 

[Brian in Mesa]

So weird Cuban is jumping ship unless he is about to launch a new business or get into politics.

Team is staying in Dallas, he maintains control of basketball operations (and a percent of the team), the new owners are casino-related and there is a big push to legalize gambling in Texas like we have here in AZ with the apps, etc. He believes the new owners will make great decisions for the team as far as a new building to play in with a sportsbook, etc. Different spin on "selling" a team, for sure.

 

[Goldfield]

Weird and interesting