Mark Cuban in talks to sell Dallas Mavericks to Sands family for $3.5B

[{"selector":"#anim-58296ac7-fff6-4d2a-98c0-81dcd4235b6a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-11.551470354931109%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c6305eea-a734-4abd-86de-96df74b159f3","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Dallas Mavericks owner, Mark Cuban, is in talks to sell a majority stake in the NBA team for a valuation of $3.5 billion. White Line

[{"selector":"#anim-5d53bc60-a73b-446c-810d-099d5bb7e793 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-10.286144337331118%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-47388b34-3631-4d79-a1e4-ab34e179450a","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The potential buyers are the family behind the Las Vegas Sands casino, led by Miria m Adelson, widow of casino magnate Sheldon Adelson. White Line

[{"selector":"#anim-f792a666-0ed7-42b6-be1d-46b49d4d998b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.888592445067307%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fe9fb73a-1997-494b-9a63-2d07e709915d","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The deal is expected to take weeks for NBA approval, with specifics kept private due to confidentialit y. White Line

[{"selector":"#anim-6fede6a7-a63d-46f6-b2cd-ed725e57be4d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.44329146969797%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2a317774-2d2c-44b3-ac89-000b8c124e38","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Mark Cuban will still be in charge of the Mavericks' basketball operations even if the sale goes through. White Line

[{"selector":"#anim-85d5d3c8-3bb5-4cd5-9e21-835b95d76e0f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.98409602860416%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9484dbca-f227-47fa-9d16-6a8036d84838","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Cuban had expressed interest in partnering with Sands almost a year ago. White Line

[{"selector":"#anim-3d723126-5ed3-4147-9760-6a132030f6db [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-11.551470354931109%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-92dcac3a-8db3-4df2-b153-09c798e39ea7","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Miriam Adelson's family announced selling $2 billion in stock for the purpose of buying a professional sports team. White Line

[{"selector":"#anim-c09eb303-220d-4b84-9841-ee8100af140c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-10.286144337331118%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7fb2700e-e942-4c7a-9bca-3b4455faef09","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The sold stock did not specify the team, league, or location, leaving these details undisclosed. White Line

[{"selector":"#anim-5878f073-524f-4ea7-b6f2-209831ec7dbf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.888592445067307%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-99e16b20-c704-4062-91c4-22eefcbc1f68","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] NBA approval for new team owners typically takes several weeks and requires the league's Board of Governors' consent. White Line

[{"selector":"#anim-86fc01e3-656e-4ddf-bee2-49418fbad0a5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.44329146969797%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9cabf20d-dd43-4552-9eb1-a964f40939bd","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Mark Cuban had expressed interest in building a new a rena in downtown Dallas, potentially including a casino resort. White Line

[{"selector":"#anim-9880b355-5e5b-47cc-a904-599f481c2d51 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.98409602860416%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0c27f404-e52b-4251-9bf8-0ce4b3e2e682","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Mark Cuban's influence in sports, business, and finance stays robust in Texas, even amid on going attempts to legalize gambling, as he continues to lead the Mavericks' basketball operations. White Line

Mark Cuban in talks to sell Dallas Mavericks to Sands family for $3.5B

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