Mark Cuban To Retain 25% Stake In Dallas Mavericks After Sale To Adelson Family: Report
Published by
Benzinga
Benzinga
Entrepreneur Mark Cuban will retain a 25% stake in Dallas Mavericks, now valued at $4.03 billion, and remain an integral part of the basketball operations team under the title of “alternate governorâ€. What Happened: Cuban is divesting the majority of his shares in the Mavericks, a deal estimated to be worth $3.5 billion, to the Adelson and Dumont families. Despite the sale, Cuban will hold onto a significant portion of his shares and maintain his influence in basketball operations, Sportico.com reported on Wednesday. As quoted by ESPN’s Tim McMahon on the Brian Windhorst podcast, an insider st…