Mavericks owner Cuban sells majority stake

According to NBA insider Shams, Dallas Mavericks owner Mark Cuban is selling the majority of the team's ownership to Miriam Adelson and the Adelson family.



It is reported that Cuban's sale of the majority stake is estimated to be around $3.5 billion, but he still retains some ownership and control over the team's basketball operations. It's worth noting that when Cuban purchased the Mavericks (then the Mavericks) in 2000, the cost was $285 million. Now, the Mavericks' valuation has surged to $4.5 billion, ranking seventh in the league.

One of the new co-owners of the Mavericks, Miriam Adelson, is the richest person in Israel with a net worth of approximately $37 billion. She was born in Tel Aviv in 1945, holds a bachelor's degree in microbiology and genetics from Tel Aviv University, as well as a medical degree. Additionally, she is the widow of Sheldon Adelson, the CEO and chairman of Las Vegas Sands Corporation.