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Chicago Sun-Times
Chicago Sun-Times
National
Associated Press

Mark Cuban will sell majority stake in Mavericks to Las Vegas’ Adelson family in $3.5B deal

Mark Cuban Mavericks Miriam Adelson Sheldon Adelson Las Vegas Patrick Dumont Basketball NBA Las Vegas Sands Texas
Mark Cuban intends to sell a majority stake in the Mavericks in a deal valued at $3.5 billion. He will maintain control of the team’s basketball operations. (David Zalubowski/AP)

Dallas Mavericks owner Mark Cuban has entered into an agreement to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, it was announced Wednesday. The deal could be completed in the coming weeks.

The agreement would be in the valuation range of $3.5 billion, according to a person who spoke to The Associated Press on condition of anonymity because that detail was not being made public. Cuban would retain control of basketball operations in the deal.

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