Mark Cuban to reportedly sell majority stake in Dallas Mavericks NBA team
by Associated Press from World news | The Guardian on (#6GQZ8)
Miriam Adelson's family, which runs the Las Vegas Sands casino, said they will be selling shares worth $2bn to purchase a team
Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino, a person with knowledge of the talks said Tuesday night.
The agreement would be in the valuation range of $3.5bn and take weeks for the league to process, according to the person, who spoke to the Associated Press on condition of anonymity because details weren't being made public.
Continue reading...