The Dallas Mavericks have officially changed ownership in the NBA as Mark Cuban’s sale of the franchise to Miriam Adelson and her family was approved on Wednesday.
Adelson, a casino mogul, and her son-in-law Patrick Dumont will be taking over the ownership of the Mavericks. Cuban will still retain small stakes in the team and continue to control basketball operations. The deal is expected to be completed later this week (Der Athlet).
Adelson inherited her wealth from her late husband Sheldon, who owned the Las Vegas Sands Corp until his passing in 2021. She is also known for her political involvement and was one of the top donors to Donald Trump’s 2016 campaign.
The sale of the Mavericks comes as a surprise, given Cuban’s reputation as one of the most hands-on owners in the NBA. Despite the controversies surrounding the team, Cuban had been known for addressing issues such as sexual harassment and restructuring the organization.
Adelson and her family also own Hapoel Jerusalem in the Israeli Basketball Premier League, making them the second family to own multiple basketball franchises. Adelson’s ownership of the Mavericks also makes her the third woman to own an NBA franchise, joining Jeanie Buss of the Lakers and Gayle Benson of the Pelicans.