The sale of the Dallas Mavericks includes a financial pledge to build a new arena, which puts the likely valuation of the team over $4 billion. The new controlling owners have expressed their commitment to empowering team members and engaging with the Dallas community in a meaningful way. Mark Cuban, who sold his majority stake in the team, acknowledged that Patrick Dumont will have the final say as the team's governor, but Cuban will run basketball operations with the sole goal of winning. Cuban mentioned the sale was influenced by his view that future NBA ownership advantages will lie in real estate.
Mark Cuban talks sale of #Mavs, makes crack about AI replacing sportswriters (which I thought was great). https://t.co/QxYnFZs2DC https://t.co/XP1XR1jgXM
Mark Cuban says he sold his majority stake in the Dallas Mavericks because he sees a future of NBA ownership where the advantages will be in real estate. https://t.co/iqBItN0UEQ
Mark Cuban acknowledged that Patrick Dumont will have “final say” as the Mavs’ governor. But Cuban says he will run basketball ops with sole goal of winning.
Statement from new controlling owners of the Mavericks: “Everywhere we have a business presence, our top priority has been to empower our team members and engage with the local community in a meaningful way. I very much look forward to bringing that same commitment to Dallas.” https://t.co/lT1UgC42BL
Mavericks' Sale Includes Financial Pledge To Build New Arena, Puts Likely Valuation Over $4 Billion https://t.co/h0agdecI1O