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Mavericks Owner Sells Major Stake In Team

Mark Cuban

The Dallas Morning News reports that the Mavericks will undergo a significant change in ownership. Owner Mark Cuban has reportedly announced plans to sell a majority stake in the team to billionaire Miriam Adelson and her family for $3.5 billion. Cuban will maintain operational control of the basketball team, although the Adelsons would own a greater than 50% stake in the Mavericks.