[Charania] Sources: Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and casino tycoon Adelson family for valuation in range of $3.5 billion. In one of most unique setups in NBA history, Cuban keeps shares in team and full control of basketball operations.
Sources: Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and casino tycoon Adelson family for valuation in range of $3.5 billion. In one of most unique setups in NBA history, Cuban keeps shares in team and full control of basketball operations. pic.twitter.com/9iTqZvoGX1
— Shams Charania (@ShamsCharania) November 28, 2023
by Brady331
40 Comments
YO!
Out of nowhere!!
First he left Shark Tank, now he’s left the Mavs
Bro just wants to retire and focus on basketball lmaoo I respect it
Oh, what the fuck? Fuck the Adelsons…
Man is really living the dream. Retire a billionaire and run an nba team for better or worse
How are the Hornets valued at 3B and the Mavs only at 3.5B?
these guys are so unfathomably rich lmao. if i had 3 billion dollars, i would buy every triscuit in the world and throw them away. no more triscuits for anyone. ever again. gone forever. i don’t know what stops these guys from doing stupid shit like that.
Didn’t the Adelson’s facilitate the Raiders move to Vegas too
Wait how does he get control of the Adelsons have a majority stake? It’s good but I don’t get it.
So he gets paid $3.5billion to be a general manager. I have the same title at Wendy’s. Time to negotiate a pay raise
Damn, so he’s not the majority owner. End of an era. He must think the valuations in sports teams are at its peak
So he quit Shark Tank, just made ~~$3.5b~~ a fuck ton of money just to play fantasy basketball full time? Billionaire shit.
Does that mean Adelson could fire him from Basketball Operations if she feels he’s doing a bad job?
So… he gets $3.5 billion and still controls the team? Biggest fleece in history.
Big Yikes….. Fuck this 😭😭
One of the luckiest sobs on earth. Creates a failing “online radio” business during the height of of the dotcom bubble. It gets bought at an absurd valuation, he sells his shares at the height. The business he created? Failed. The company that bought it. Gone. He’s still a billionaire.
Edit: sorry, company that purchased it was yahoo.
“Yahoos costly purchase of broadcast.com is now regarded as the worst internet acquisitions of all time”
Kyrie’s about to find out who Miriam Adelson is lmao
Retires, gets 3 billion for the mavs, still gets to own the team, this guy man lmao
Selling the franchise to the Adelsons but still retains the right to run the franchise into the ground.
Worst of both worlds damn.
Leaving shark tank. Selling his majority stake. He’s looking at a white house run isn’t he 🤨
Shams slippin. Stein beat him to it
It’s so easy to make money. All you need is a lot of money….
But really tho, good on Mark Cuban for getting a FAT check and somehow still retain control of the basketball operations
selling out the mavs just make them play in a casino-arena in 2035 i hate our front office
Is this guy gearing up for a presidential campaign or what
What does he need the money for?
Luka please request a trade, I don’t know how much longer I can be a mavs fan, they really are testing the limits of my fandom. Despite being a mavs fan my whole life (even pre Dirk), I will go wherever Luka goes.
What is Cuban cooking? He gonna run for president?
Honestly this seems like the worst case scenario for Mavs fans.
Like Cuban gets to continue to make bad basketball decisions and they get a worse owner
From Wiki “Adelson is known for her support for Donald Trump.[23] She and her husband were the largest donors of Trump throughout his presidency; they provided the largest donation to his 2016 campaign, his presidential inauguration, his defense fund against the Mueller investigation into Russian interference and the 2020 campaign.[3][4][5][6][7][8]
She has written that Trump “should enjoy sweeping support” among U.S. Jews and Israelis, and that Trump deserves a “Book of Trump” in the Bible due to his support for Israel.[24][25][23] She pushed for the pardon of Aviem Sella who spied against America.[26] Adelson wrote that Trump represents “kinship, friendship, courage, the triumph of truth” and that “Israelis and proud Jews owe Donald Trump our gratitude.”[27]” oh boy….
Everton is available to buy Mark lad! We have been shit since the late 80’s, but our fans have massive pipes.
She’s not…gonna try to move the team to Vegas, is she?!
This is basically what Jordan did.
He just left shark tank, now he does this. Im curious as to whats happening with cuban. Also wonder how binding it is that he gets full team operations.. if not it’s the dream scenario.
Why Cuban do this?
The Adelsons make Donald Sterling look like the Pope. They should have no place in NBA ownership, along with the DeVos family. Despicable.
Kyrie’s days are numbered lol
So we get a worse owner and Cuban stays making basketball decisions. That’s about as lose-lose as it gets for us Mavs fans.
Feels like the worst person imaginable to take over a team outside of letting Donald Sterling get another crack at it. I mean, they had an evil(er) caricature of Adelson on fucking VEEP.
She is credited with influencing Sheldon’s political views on Israel and served as one of the ‘finance vice-chairs’ for the inauguration of Donald Trump. After Sheldon Adelson died in 2021, she became the owner of casino company Las Vegas Sands and is now on Forbes’ 36th position for the ranking of The Richest People in The World. Her net worth was $38.2 billion in 2022.
She sold shares in Sands to finance the Mavericks purchase.
What’s ironic about all this is that Kyrie will now be playing for the widow of the biggest Zionist person ever – Sheldon Adelson.