Mark Cuban will retain roughly a 25 percent ownership stake in the Dallas Mavericks following his sale to the Adelson and Dumont families.
The Mavericks are valued by Sportico at $4.03 billion, but Cuban sold the stake in the franchise at a $3.5 billion valuation.
The new owners of the Mavericks are hoping to lobby Texas to legalize gambling within the state and then build a new arena attached to a hotel and casino in Dallas.
As part of the unconventional deal, Cuban reportedly will run the basketball operations of the franchise “forevermore.”
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| Oklahoma City Thunder vs Indiana Pacers | |
| Type: Total - Status: OPEN | |
| Under - 1H | -110 |
| Over - 1H | -110 |