Mark Cuban Sells Majority Stake in Dallas Mavericks

American Billionaire and Television Personality Parts Ways with Majority Ownership

Entrepreneur Retains Minority Stake in NBA Team

Mark Cuban, a prominent American billionaire, businessman, television personality, and media owner, has sold a majority stake in the Dallas Mavericks, the NBA team he has owned since 2000. Cuban confirmed the deal in December 2023, stating that he retained a 27% minority stake in the team.

The sale price was reportedly around $35 billion, a significant windfall for Cuban, who purchased the Mavericks for $285 million over two decades ago. The deal marks a new chapter for the Mavericks and Cuban, who has been an outspoken and colorful owner during his tenure.

Cuban's sale of the Mavericks is just one example of the recent ownership changes in the NBA. In recent years, several other high-profile teams, including the Phoenix Suns, Brooklyn Nets, and Los Angeles Lakers, have been sold.

The departure of Cuban as majority owner of the Mavericks raises questions about the team's future. However, Cuban has stated that he remains committed to the organization and will continue to be involved in its decision-making process.

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