The NBA on Wednesday approved the Dallas Mavericks’ sale to the Adelson and Dumont families. "The NBA Board of Governors has approved the sale of the controlling interest in the Dallas Mavericks from Mark Cuban to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont," the NBA said in a statement. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM"Mr. Dumont, president and chief operating officer of Las Vegas Sands Corp., will serve as the Mavericks’ governor." Reports indicated last month that Mavericks team owner Mark Cuban would sell a majority stake in the team with the intention of running the basketball side of the business. Ticker Security Last Change Change % LVS LAS VEGAS SANDS CORP. 48.55 -0.50 -1.02%Cuban bought the team in 2000 for $285 million from Ross Perot’s group.

Source: Fox News December 28, 2023 00:08 UTC