Mark Cuban expressed his satisfaction after selling a controlling stake in the Dallas Mavericks to the families who run the Las Vegas Sands casino company. Despite now being a minority owner, the deal allows Cuban to retain control of the franchise’s basketball operations.
“Nothing’s really changed except my bank account,” Cuban remarked, wrapping up a 3-point shooting session ahead of the Mav’s 110-113 loss to the Cleveland Cavaliers on Wednesday night. “I feel really good. I think it’s a great partnership. It’s what the team needed on the court and off. I’ll still be overseeing the basketball side of it, but having a partner like Patrick and Sivan and Miriam and their ability to build and to redevelop the arena and whatever comes next beyond that just puts us in a much better position to compete.”
In addition to overseeing basketball operations, Cuban will serve as the franchise’s alternate governor. Still, partner Patrick Dumont will serve as primary governor, meaning that he will have the final say on all operations including within Cuban’s domain. Cuban will retain a 27% stake in the Mavericks following the deal.
