Overview
- Patrick Dumont and the Adelson family said the Dallas Mavericks are not for sale and expressed intent to expand their ownership stake.
- Marc Stein first reported that a Dallas-based investor group had explored partnering with Mark Cuban to try to buy back control.
- Mark Cuban confirmed he has been approached by multiple groups but said he does not expect the current owners to sell.
- The 2023 deal includes an option allowing the majority owners to acquire up to 20% more of Cuban’s stake by December 2027, potentially reducing him to about 7%.
- Reporting indicates Cuban’s operational influence has waned, with co-interim GMs Matt Riccardi and Michael Finley making recent roster decisions without him.