![[Teams] Manchester United vs Newcastle United: Confirmed line-ups from Old Trafford](https://sports.9020blog.com/uploads/images/202405/image_430x256_664762c66ec15.jpg)
Mavericks' Sale Includes Financial Pledge To Build New Arena, Puts Likely Valuation Over $4 Billion
The sale of the Dallas Mavericks from Mark Cuban to the Adelson and Dumont families was initially reported at a valuation of $3.5 billion, which was well below expectation for an NBA franchise in one of the biggest markets in the United States. The deal, however, includes a financial pledge from the Las Vegas Sands Corporation to construct a new arena in Dallas, sources tell Marc Stein. When factoring in the arena construction costs, the valuation is expected to be between $4 billion and $5 billion. Mark Cuban retains a 27 percent stake in the franchise and control of basketball operations as part of the deal. Patrick Dumont will take over as governor of the Mavericks.
The sale of the Dallas Mavericks from Mark Cuban to the Adelson and Dumont families was initially reported at a valuation of $3.5 billion, which was well below expectation for an NBA franchise in one of the biggest markets in the United States.
The deal, however, includes a financial pledge from the Las Vegas Sands Corporation to construct a new arena in Dallas, sources tell Marc Stein. When factoring in the arena construction costs, the valuation is expected to be between $4 billion and $5 billion.
Mark Cuban retains a 27 percent stake in the franchise and control of basketball operations as part of the deal.
Patrick Dumont will take over as governor of the Mavericks.
What's Your Reaction?
