Adelson Family Nears $3.5 Billion Deal for Stake in Dallas Mavericks
The Adelson family is in advanced discussions to buy a significant share of the Dallas Mavericks, as reported by ESPN
The Adelson family is in advanced discussions to buy a significant share of the Dallas Mavericks, as reported by ESPN.
The deal, valued at around $3.5 billion, would see Mark Cuban remain as the governor of the franchise, continuing to handle all basketball decisions.
As Shams Charania recalls, Mark Cuban bought the franchise in 2000 for $285 million.
The Adelsons, known for their involvement in the Las Vegas Sands Corp., are selling nearly $2 billion in stock to fund the purchase.