Mark Cuban is reportedly set to sell a majority stake in the Mavericks to Miriam Adelson and the Adelson family, according to Shams Charania of The Athletic. Cuban will reportedly sell a large portion of his stake at a valuation of $3.5 billion, but will maintain full control of basketball operations, per the report from Charania.
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00:00 Mark Cuban is selling a significant stake in the Dallas Mavericks, according to reports.
00:04 The sale would still allow Cuban to continue to retain operational control of the team,
00:09 however.
00:10 The Adelson family is a reported buyer and in the process of becoming part of the ownership
00:14 group of the franchise, which has been owned by Cuban since the 2000.
00:18 Cuban has previously expressed interest in the team's future arena that would mirror
00:22 a Las Vegas-style casino and resort.
00:24 And the Adelson family also owns the Las Vegas Sands.
00:27 The deal would still be subject to NBA approval.
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