Rest assured, Cuban confirmed the Mavs will not relocate to Las Vegas.Īdditionally, he lamented that he hopes to see a new arena built soon.

Pending the sale, many fans were curious as to why a Las Vegas-based outfit would purchase the Dallas Mavericks. Adelson's son-in-law is the president of the family's Las Vegas Sands company, a hotel and gaming company. Miriam Adelson, who purchased the majority stake, is a billionaire casino magnate.

*Cuban, 'I will still run basketball ops.' /YJxHN8URRz- Newy Scruggs November 29, 2023 *On the Sands Corp, Cuban said, 'Coming in to upgrade and hopefully build a new area, which will hopefully be a Venetian like resort here in Dallas. After news of the sale broke the internet, NBC's Newy Scruggs received a few assurances from the Mavericks owner. The $3.5 billion sale surely hinged the Mavericks' past successes and the team's long-term potential. Led by stars Luka Doncic and Kyrie Irving, Dallas rosters two of the most talented players in the NBA. The Mavericks sit at 11-6, good for third in the Western Conference. This year, the playoffs and a potential deep run seem to be in store for Dallas. Mavericks owner Mark Cuban details exciting plans following selling stake of team And since the new millennium, the Mavs have reached the playoffs in 18 of 23 seasons. Under Cuban's ownership, the Mavericks have turned into one of the most consistently excellent franchises in the NBA.Ĭuban purchased the Mavericks for $285 million in 2000. Earlier this week, the longtime Dallas owner announced plans to leave ABC's Shark Tank after spending more than a decade on the show.Ī day later, Cuban's plan to sell a majority stake in the Mavericks shook the NBA world. Dallas Mavericks owner Mark Cuban has dominated the headlines this week.

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