Last Wednesday (27), in a decision taken by the NBA, the sale of Mark Cuban’s Dallas Mavericks to Miriam Adelson and her family was approved, for approximately US$3.5 billion. According to Forbes, Adelson is the fifth richest woman in the world, being the main shareholder of Las Vegas Sands Corp, a company that manages casinos globally. The transaction is expected to be completed in the coming weeks.
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Mark Cuban, who acquired the Mavericks in 2000 for $285 million, has sold most of his shares in the franchise but will remain president of basketball operations. Over his 23 years as owner, the Mavericks made the playoffs on 18 occasions, reaching the NBA Finals twice and winning the title in 2011.
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With this acquisition, Miriam Adelson becomes the third woman to own an NBA franchise, alongside Jeanie Buss of the Los Angeles Lakers and Gayle Benson of the New Orleans Pelicans.
Currently, in the current season, the Mavericks occupy fifth place in the Western Conference, with 18 wins and 12 losses.