Mark Cuban's Departure from Mavericks Ownership
A Shift in NBA Ownership Priorities
Mark Cuban, the former principal owner of the Dallas Mavericks, believes that the future of NBA ownership lies in real estate. According to the high-profile billionaire, this is why he decided to sell his majority stake in the team.
Cuban's Exit from the Mavericks
In late 2023, Cuban sold 73 percent of the Mavericks franchise to Miriam Adelson for $3.5 billion. This move marked a significant departure from his previous role as the team's majority owner. Although Cuban remains a regular presence at Mavericks games, he can no longer claim that distinction.
The NBA's Approval
The NBA Board of Governors officially approved Cuban's sale of the Mavericks on Wednesday. The vote was 29-0, indicating a unanimous consensus among the league's owners.
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