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

NBA Board of Governors approves Dallas Mavericks' sale

nqajqrqw7months ago (05-19)Basketball Hub264

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

2024 NBA Draft Combine early assessments: Prospects start their NBA dream

The 2024 NBA Draft combine isunderway at the Wintrust Arena in Chicago, Illinois and aspiringprospects are going to be showcasing what they’ve got in...

2024 NBA Playoffs Day 8 Recap: Lakers finally strike vs Nuggets; Celtics regain control

Day 8 of the 2024 NBA Playoffssaw some interesting games as we entered the halfway mark of thefirst round. The Orlando Magic leveled up their series v...

2024 Western Conference Playoffs: Each team’s biggest question heading into the playoffs

This article is part of atwo-part series preview for the upcoming 2023-2024 NBAPlayoffs.With the 2023-2024 NBA Playoffsstarting, all eyes will be on a...

LeBron James admits he's nearing retirement: 'I don't have much time left'

LeBron James might still beproducing ridiculous numbers for a player his age, but he might beconsidering retirement "very soon."In an interview with H...

Caitlin Clark breaks NCAA women’s basketball all-time scoring record

Iowa Hawkeyes superstar guardCaitlin Clark made history on Thursday night as she became theall-time leading scorer in NCAA women’s basketballhistory.C...

Kyle Lowry will sign with Philadelphia 76ers after buyout

After getting bought out by the Charlotte Hornets, Kyle Lowrywill sign with the Philadelphia 76ers, according to ESPN's Adrian Wojnarowski.This was th...