Posted on 11/28/2023 4:27:15 PM PST by ConservativeStatement
Mavericks governor Mark Cuban is in the process of selling majority interest of the franchise to Miriam Adelson, the widow of Las Vegas casino magnate Sheldon Adelson, a person familiar with negotiations confirmed to The Dallas Morning News.
Cuban, 65, would maintain operational control, even though the Adelson family would own a greater than 50% stake, the person said, without divulging the percentage that the Adelsons will purchase.
(Excerpt) Read more at dallasnews.com ...
Never thought Cuban would give up the Mavericks. ***
Tiered of his new toy.?
Money talks. BS walks. (all the way to the bank-(money market)
If people cannot draw a distinction between owning a business entity or a franchise and the suggestion that an owner of the team "owns" individuals, then we have gone completely off the rails.
Cuban still maintains a minority ownership stake and will continue to run the basketball operations of the franchise.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.