Big news is coming out of Dallas as it appears that the Adelson family, known for their involvement in the casino business, may be buying a significant share of the Dallas Mavericks. According to sources, this deal would see Mark Cuban, the current owner, remain as the governor of the franchise and maintain control over all basketball decisions. The Adelson family is in the process of selling almost $2 billion in stock in the Las Vegas Sands Corp. to fund the purchase, pending approval from the league.
What makes this potential deal even more exciting is the background story. The Adelson family has previously discussed plans with Cuban to build a casino entertainment district in Dallas, complete with a brand-new arena for the Mavericks. However, this visionary project would require changes in gambling laws in Texas, a challenge that Cuban has been lobbying for. If successful, this collaboration could take the Mavs and the city of Dallas to new heights, blending the excitement of sports with the thrill of the casino industry.
Since purchasing the team back in 2000 for a cool $285 million, Cuban has been a staple figure in the NBA and has taken the Mavericks to great heights over the years. The potential involvement of the Adelson family adds another intriguing layer to this story, as we eagerly await further updates on this deal that could shake up the NBA landscape.