Sports

Mavericks’ $3.5 Billion Sale to Adelson Wins NBA Approval

Adelson, Dumont to Buy Majority Ownership of Mavericks

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By Julie Fine

December 27, 2023 at 5:32 PM UTC

Updated on

December 27, 2023 at 6:37 PM UTC

The NBA approved Mark Cuban’s sale of a majority stake in the Dallas Mavericks to the family of Miriam Adelson, the controlling shareholder of Las Vegas Sands Corp.

The $3.5 billion deal won clearance Wednesday from the basketball league’s Board of Governors and is expected to close this week, according to a statement. Cuban will keep a minority stake.