The Texas representative Dallas Mavericks is about to change its owner for an insane amount of money.
Another NBA club is about to change its owner. The league announced on its official website that the league’s board of governors approved Mark Cuban’s sale of a controlling interest in the Dallas Mavericks.
The board unanimously decided to approve the sale of the franchise to two families – Miriam Adelson and Sivan and Patrick Dumont, who lead the Las Vegas Sands Corporation.
Everything is expected to be formalized this week. The Dallas Morning News, citing a source familiar with the terms of the deal, reports that the sale price will be between $3.8 billion and $3.9 billion.
At the same time, Cuban will retain a 23% stake in the organization and full control of basketball operations, while the Adelson and Dumont families will become owners of 77% of the shares.
The Mavericks buy the family of one of the biggest casino magnates in the country. Adelson is the largest shareholder of Las Vegas Sands Corp., which was previously owned and managed by her late husband, Sheldon Adelson.
Miriam Adelson and The Miriam Adelson Trust lead a group that owns 57% of Las Vegas Sands Corp., which owns and operates casinos around the world.
He is one of the richest people in the world. Forbes named her the 35th richest woman this year and the fifth richest woman with an estimated net worth of $32.3 billion.
Patrick Dumont, the son-in-law of Miriam Adelson and president and chief operating officer of Las Vegas Sands Corp., will become president of the Mavericks.
We remind you that it was announced earlier that the NBA and NHL teams from Washington will change their locations.
Source: korrespondent
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