Dallas Mavericks owner in talks over sale to Las Vegas casino group
Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino, a person with knowledge of the talks said Tuesday night. The agreement would be in the valuation range of $3.5 billion and take weeks for the league to process, according to the person, who spoke to The Associated Press on condition of anonymity because details weren’t being made public. Cuban would retain control of basketball operations in the deal. NBA reporter Marc Stein was the first to report the potential sale. The family of Miriam Adelson, widow of casino magnate Sheldon Adelson, announced earlier Tuesday it was selling $2 billion of her shares to buy an unspecified professional sports team. Cuban said almost a year ago he was interested in partnering with the Sands. He has been a proponent of legalizing gambling in Texas, an issue that didn’t make it out of the state Legislature in a biennial session that ended earlier this year. The 65-year-old Cuban, who just announced he was leaving the popular business TV program “Shark Tank” after a 16th season next year, rose to fame quickly after buying the Mavericks in 2000. Dallas was one of the worst franchises in pro sports in the 1990s, but turned into one of the best under Cuban, with a lot of help from star forward Dirk Nowitzki. The Mavericks, who won the franchise’s only championship in 2011 with Nowitzki leading the way, are worth $4.5 billion, according to Forbes magazine. Read More Boston Celtics continue unbeaten run with 124-114 win over the Brooklyn Nets Sacramento Kings coach chokes up speaking about Maine mass shooting Damar Hamlin offers message of support after Bronny James suffers cardiac arrest
1970-01-01 08:00
SwissAI Optimizes Charging Infrastructure Across Continents
ZURICH--(BUSINESS WIRE)--Nov 29, 2023--
1970-01-01 08:00
Home Away From Home: CTBC Encourages Taiwanese Professionals to Pursue Careers Abroad
TAIPEI, Taiwan--(BUSINESS WIRE)--Nov 29, 2023--
1970-01-01 08:00
8-time French champion Nantes fires coach Pierre Aristouy after four-game winless run
French club Nantes has fired coach Pierre Aristouy, who helped the team avoid relegation last season
1970-01-01 08:00
Greek Premier Sees No Impact on UK Relations From Elgin Marbles Feud
Greece’s relationship with the UK won’t be affected by Prime Minister Rishi Sunak’s decision to cancel a planned
1970-01-01 08:00
Halfords Slumps After UK Automotive Retailer Cuts Guidance
Halfords Group Plc slid as much as 22% on Wednesday after the British automotive and bicycling retailer cut
1970-01-01 08:00
Oscar Pareja hails Orlando City's effort in MLS Cup playoffs loss to Columbus Crew
Despite the result, Oscar Pareja was proud of how his team fought against Columbus Crew.
1970-01-01 08:00
Sibanye to cut nearly 300 jobs at US ops after palladium price fall
Diversified miner Sibanye Stillwater said on Wednesday it would cut 287 jobs at its U.S platinum group metals
1970-01-01 08:00
China new home prices now seen climbing this year after policy steps: Reuters Poll
By Liangping Gao and Ryan Woo BEIJING Prices of new homes in China are now expected to climb
1970-01-01 08:00
Germany Risks €24 Billion Budget Hole, Lawmaker Says
Germany has a potential hole in its 2024 budget of as much as €24 billion ($26.4 billion), though
1970-01-01 08:00
Bugatti, Ferrari, Mercedes Are the Most Expensive Classic Cars of 2023
In a year defined by cooling values and economic uncertainty, collectors remained resolute in their willingness to pay
1970-01-01 08:00
Philips Sleep Apnea Machine Safety Fears Grow; Shares Slump
Royal Philips NV slumped after the Food and Drug Administration warned about a new safety issue involving the
1970-01-01 08:00