NBA Board of Governors approves Dallas Mavericks' sale

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).