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Dallas Mavericks Gets Approval from NBA to Sell the Controlling Interest
It is now official. Mark Cuban, the owner of the Dallas Mavericks, has received the approval from the NBA to sell the majority stake of the popular franchise to the families running the Las Vegas Sands casino corporation. As reported, the Cuban’s assignment of title over the Mavericks to the Adelson and Dumont families is at valuation of more than $4 billion.
Investing LVS Stake Into Mavericks Deal:
As ESPN reports, the deal follows the recent announcement of the two families to purchase the club after Miriam Adelson had sold the $2 billion stake in Las Vegas Sands. Now that the NBA approved the acquisition, Patrick Dumont, president and chief operating officer of the Las Vegas Sands company Read More