The sale of the Dallas Mavericks from Mark Cuban to the Adelson and Dumont households was initially reported at a valuation of $3.5 billion, which was properly beneath expectation for an NBA franchise in one of many greatest markets in america.
The deal, nevertheless, features a monetary pledge from the Las Vegas Sands Company to assemble a brand new area in Dallas, sources inform Marc Stein. When factoring within the area building prices, the valuation is predicted to be between $4 billion and $5 billion.
Mark Cuban retains a 27 % stake within the franchise and management of basketball operations as a part of the deal.
Patrick Dumont will take over as governor of the Mavericks.
