The purchase is in the valuation range of $3.5 billion. The deal was approved just shy of a month since Miriam Adelson and Sivan and Patrick Dumont announced their intention to buy the club. The NBA on Wednesday approved Cuban's sale of a controlling interest in the Mavericks to the Adelson and Dumont families, who run Las Vegas Sands Corp. The high-profile billionaire says that's why he sold his majority stake in the Dallas Mavericks to a pair of families with strong ties to the hotel and casino industry.
DALLAS - DALLAS (AP) - Mark Cuban sees a future of NBA ownership where the advantages will be in real estate.
