Mark Cuban is selling his majority stake in the Dallas Mavericks to casino magnate Sheldon Adelson’s late widow Miriam, reports said. The agreement would value the NBA team at roughly $3.5 billion, according to The Athletic reporter Shams Charania. It also includes a rather unique arrangement: Cuban is set to retain his position as the head of basketball operations. The Shark Tank host and entrepreneur has owned the team since 2000.
Sources: Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and casino tycoon Adelson family for valuation in range of $3.5 billion. In one of most unique setups in NBA history, Cuban keeps shares in team and full control of basketball operations. pic.twitter.com/9iTqZvoGX1
