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Posted on 07/08/2026 6:52:57 PM PDT by nickcarraway
Mark Cuban is accusing Dallas Mavericks governor Patrick Dumont of freezing the team's former majority owner out of business opportunities in a proposed move of the club out of downtown, according to a newspaper report.
The Dallas Morning News reported Wednesday that Cuban alleges Dumont has engaged in "adversarial business practices" in his bid to move the team about 10 miles north of downtown to the former site of a Dallas mall.
A Mavericks spokeswoman and Cuban declined to comment to The Associated Press. The billionaire businessman sold his majority stake in 2023 to the families of Miriam Adelson and Dumont, who is Adelson's son-in-law.
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The article is unclear whether the Adelsons have the right to buy 20% of the total ownership from his 27%, or they can buy 20% of his 27%.
I used to see this all the time when we would take over a bank. The bank president of the acquired bank would often times think they were going to have a say in how things were done. It usually lasted a few months until they were told to take their capital gains and retire.
Us peons used to joke about buying them a fishing pole and just sending them down to the local dock. It was funny…until it happened to us.
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