'The Dallas Mavericks are one of the world's most successful and recognizable sports franchises. 'The families are targeting a closing of the transaction by year-end, subject to satisfaction of customary closing conditions and approval of the NBA Board of Governors. 'The Adelson and Dumont families have entered into binding purchase agreements to acquire majority ownership and the right to serve as Governor of the Dallas Mavericks. president and COO Patrick Dumont shared a statement with CBS News Texas regarding the Mavericks purchase Wednesday evening.

Photographer: Anthony Kwan/Bloomberg via Getty ImagesĪdelson and her son-in-law, Las Vegas Sands Corp. Adelson passed away last night at the age of 87 from complications related to treatment for non-Hodgkins Lymphoma. Las Vegas Sands said Chairman and Chief Executive Officer Sheldon G. FILE: Billionaire Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp., left, and his wife Miriam Adelson pose for a photograph on the red carpet prior to the opening ceremony of the Parisian Macao casino resort, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., in Macau, China, on Tuesday, Sept. She took over after the death of the former CEO, her husband Sheldon. Who is buying the team?Īdelson is the controlling shareholder of Las Vegas Sands Corporation, which built the Venetian and Palazzo resorts. Mavs sale means betting on building a casino in Dallas 06:47ĭALLAS - Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake of the team to Miriam Adelson and Patrick Dumont.

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