current location:HOME > Sports News > Basketball Hub > Text content

NBA Board of Governors approves Dallas Mavericks' sale

nqajqrqw7months ago (05-18)Basketball Hub194

The NBA Board of Governors has approved the sale of thecontrolling interest in the Dallas Mavericks from Mark Cuban to thefamilies of Dr. Miriam Adelson and Sivan and PatrickDumont.

Mr. Dumont, President and Chief Operating Officer of Las VegasSands Corp., will serve as the Mavericks’ Governor. The transactionis expected to close this week.

Cuban still has shares in the team and will reportedly still bein charge of basketball operations. In 2000, Cuban purchased theMavericks for $285 million. This sale is reportedly worth around$3.5 billion.

The Mavericks are currently 18-12, which is the fifth-bestrecord in the Western Conference. Led by Luka Doncic and KyrieIrving, Dallas boasts the NBA's seventh-best offense (scoring 115.7points per 100 possessions).

Share with friends:

“NBA Board of Governors approves Dallas Mavericks' sale” ofrelated articles

Q&A: Josh Childress on NBA journey, EASL investment, overseas hoops

Josh Childress is a retiredAmerican basketball player who played three years at StanfordUniversity, where he became an AP first-team All-American,cons...

How sports nutrition and biometrics are evolving NBA training

This article was originally published on BasketballNews onJuly 20, 2022.Impact Basketball's facility sits inside an unassuming sectionof an unassuming...

Aces' Alysha Clark named WNBA Sixth Player of the Year

Aces' Alysha Clark named WNBA Sixth Player of the Year

Las Vegas Aces forward Alysha Clarkhas been named the 2023 Kia WNBA Sixth Player of the Year, the WNBAannounced today. She has earned the honor as the...

WNBA gives out peak performer awards to Loyd, Thomas, Vandersloot

Seattle Storm guard Jewell Loyd,Connecticut Sun forward Alyssa Thomas and New York Liberty guardCourtney Vandersloot have earned the 2023 WNBA Peak Pe...

Statements Made: LA Hoops Fest Scouting Report

The word got out about the most recent Mal Mundy Hoops Fest TourStatement Session.Over 30 college coaches came down to South Side High inYoungsville,...

Blazers' Scoot Henderson sets lofty goals: 'I will win Rookie of the Year'

Portland Trail Blazers rookie Scoot Henderson has never lackedconfidence.“I can really do anything, honestly — anything I put my mindto," Henderson to...