Revealing the secret of Kuban's sale of the Mavericks: cashing out $3.5 billion + having control The identity of the new boss is exposed
On November 29, Beijing time, it was reported that Cuban, the 65-year-old owner of the Mavericks, will sell most of the team's shares for $3.5 billion, but he retains control of the team; at present, the Mavericks are valued at $4.5 billion, and Cuban's $285 million has skyrocketed 16 times; who is the new owner of the Mavericks? Worth $37 billion, he is the widow of the American gambling king.
Mark Cuban sold a majority stake in the Mavericks to Miriam Adelson and the Adelson family at a valuation of about $3.5 billion, according to Shams of The Register, and Cuban will retain a small stake as well as full control of the team — retaining a significant stake in basketball operations, full control and final decision.
In 2000, Cuban paid $285 million to buy the Mavericks (the team was still called the Mavericks at the time), and 23 years later, Cuban will sell most of the team's stake at a valuation of about $3.5 billion, and Cuban will be able to cash out at least $3.5 billion, while cashing out, Cuban will still control the team and have the final say.
According to Forbes' valuation report last month, the Mavericks' latest valuation was about $4.5 billion, the seventh most valuable team in the NBA league, and a rough estimate of Cuban's $285 million that year has skyrocketed 16 times.
In 2011, Nowitzki led the Mavericks to a championship, and now the Mavericks have two superstars, Doncic and Irving, and their goal is to challenge for the championship, so far this season, the Mavericks are 10-6 and ranked fifth in the West.
Miriam Adelson is worth 37 billion US dollars (about 236 billion yuan), making him the richest man in Israel and the 36th richest man in the world.
Born in Tel Aviv in 1945, Miriam earned a Bachelor of Science degree in Microbiology and Genetics and a medical degree from Tel Aviv University, where she worked as a physician for a time and founded a drug abuse center and research clinic in 1993.
Miriam also has an identity, she is the widow of Sheldon Adelson, CEO and chairman of the Las Vegas Sands Casino Company.
To buy a majority stake in the Mavericks, Miriam is selling $2 billion worth of shares in the Sands casino, which would merge the interests of the two companies if the NBA League Board of Governors finally approves the deal, and plans to build a Dallas resort casino and arena if gambling in Texas is legalized.