Image Source: Getty Images
[Saba Sports News] For over two decades, Dallas Mavericks fans have seen Mark Cuban courtside, setting a trend for other owners like Steve Ballmer of the Clippers. After years of playoff struggles, Cuban finally celebrated a championship in 2011 when Dirk Nowitzki led the team to victory over the Miami Heat. In late 2023, Cuban sold his 73% majority stake in the Mavericks for $3.5 billion.
In a recent *Wired* interview, Cuban explained his decision, stating, “It’s more about setting up for the next step. I don’t think, ‘I’m a certain age, so I need to change.’ It’s about disrupting and competing in business.”
Cuban sold his stake to Miriam Adelson, represented by her son-in-law Patrick Dumont, while retaining control over basketball operations. Cuban emphasized the deal’s focus on real estate opportunities and his belief in Dumont’s willingness to spend to build a top team around stars Luka Doncic and Kyrie Irving.
Despite stepping back from ownership, Cuban remains actively involved, overseeing the Mavericks’ basketball moves, which helped the team return to the NBA Finals for the first time since 2011.