Latest On Potential Mavericks Sale

Sands Corp. president and chief operating officer Patrick Dumont, son-in-law of Miriam Adelson, will be the family’s “foremost member” if their purchase of the Mavericks is approved by the NBA, Marc Stein writes in his latest Substack column.

It’s still not fully clear how much power Mark Cuban will have once he becomes a minority owner, even though it was reported Tuesday that he will continue to run the team’s basketball operations. Stein notes that it’s an unprecedented arrangement, and the Adelson family may want some say in personnel moves once they’re writing the checks.

Stein points out that Cuban has already ceded some decision-making to Nico Harrison, who was hired as general manager in 2021, and CEO Cynthia Marshall, who has been handling business matters since 2018. Even so, Stein found it shocking that Cuban opted to sell the team, considering that he sits near the bench at most games, maintains a visible role in the war room on draft nights, and remains involved in most personnel decisions.

League sources tell Stein that Cuban plans to be “a very active partner” to the Adelsons on basketball matters while letting the family deal with television revenues, real estate ventures and similar issues.

There’s more from Dallas:

• The Adelson family agreed to purchase the Mavericks with an eye toward legalizing casino gambling in Texas, according to an editorial from The Dallas Morning News. Casino magnate Sheldon Adelson, who has since died, focused on Texas two years ago as the primary spot for expansion, the editorial states. Lobbying money from the Adelson family and other gambling interests has poured into the state, helping to soften any opposition. Cuban is perfect as a “primary stakeholder,” the paper adds, because he has been an advocate for building a casino in downtown Dallas.
• The Adelson and Dumont families have issued a statement regarding their purchase of the Mavericks, tweets Tim MacMahon of ESPN. “Through our commitment and additional investment in the team, we look forward to partnering with Mark Cuban to build on the team’s success and legacy in Dallas and beyond,” it reads in part. “The goal is to win and to have a team that proudly represents the greater DFW (Dallas-Fort Worth) area and serves as a strong and valuable member of the local community.” The families are hoping to close the sale by the end of December.
• Last year, Cuban cited the Sands Corp. as his ideal partner for a casino and resort destination, per Tim Cato of The Athletic, who notes that the Mavericks can’t leave their current home at the American Airlines Center until their lease expires in 2031.