OFFICIAL: NBA Board of Governors Approves Mark Cuban's Mavs Sale

It was a move we've known about for a while, but Mark Cuban's majority sale of the Dallas Mavericks was passed by the NBA Board of Governors on Wednesday.

Dalton Trigg | Dec 27, 2023

OFFICIAL: NBA Board of Governors Approves Mark Cuban's Mavs Sale /

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Dallas Mavericks

DALLAS – It's a move we've all seen coming for about a month now, but Mark Cuban is no longer the majority owner of the Dallas Mavericks after the NBA Board of Governors approved the sale to Miriam Adelson's family.

mavs-news-mark-cuban-sells-majority-ownership-stake-in-franchise-but-theres-a-catch — Clutch Points

"The NBA Board of Governors has approved the sale of the controlling interest in the Dallas Mavericks from Mark Cuban to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. Mr. Dumont, President and Chief Operating officer of Las Vegas Sand Corp., will serve as the Mavericks' Governor. The transaction is expected to close this week," the NBA said in an official statement.

Cuban, who is reported to be keeping around a 25 percent stake in the Mavs while also assuming the role of alternate Governor, is expected to still have control over basketball operations despite not being the majority owner anymore.

Who's 'Miriam'? How Mavs' Sale Helps Cuban Bring Las Vegas-Style Casinos & Resorts to Dallas

With the sale, Cuban's dreams of the Mavs having a new arena that would also be a casino/resort have more life in the coming years, as the Adelson family has extremely deep pockets, vast casino knowledge and experience, and political ties in Texas.

Published Dec 27, 2023

DALTON TRIGG

Dalton Trigg is the Editor-In-Chief for Dallas Basketball, as well as the Executive Editor overseeing Inside The Rockets, Inside The Spurs, All Knicks, and The Magic Insider. He is the founder and host for the Mavs Step Back Podcast, which is a proud part of the Blue Wire podcast network. Trigg graduated from the University of Southern Mississippi’s College of Business and Economic Development with a bachelor’s degree in entrepreneurship in 2016. After spending a few years with multiple Dallas Mavericks-related blogs, including SB Nation’s Mavs Moneyball, Trigg joined DallasBasketball.com as a staff writer in 2018 and never looked back. At the start of 2022, he was promoted to the EIC title he holds now. Through the years, Trigg has conducted a handful of high-profile one-on-one interviews to add to his resume — in both writing and podcasting. Some of his biggest interviews have been with Mavs owner Mark Cuban, Mavs GM Nico Harrison, now-retired legend Dirk Nowitzki and many other current/former players and team staffers. Many of those interviews and other articles by Trigg have been aggregated by other well-known sports media websites, such as Yahoo Sports, CBS Sports, Bleacher Report and others. You can find Trigg on all major social media channels, but his most prevalent platform is on Twitter. Whether it’s posting links to his DBcom work, live-tweeting Mavs games or merely giving his opinions on things going on with Dallas and the rest of the NBA, the daily content never stops rolling. For any inquiries, please email Dalton@MavsStepBack.com.