Miriam Adelson sold her shares in the NBA's Dallas Mavericks to her daughter Sivan Ochsorn and son-in-law Patrick Dumont. According to Bizportal, the deal also includes an option allowing Dumont to buy another 20% of the shares from Mark Cuban at a valuation of $3.5 billion.
According to Walla, the new owners plan to build a new arena for the team. The deal amount was not published, according to Ice.
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What outlets say
Bizportal
According to the terms of the 2023 deal, Dumont may buy another 20% from Cuban at a valuation of $3.5 billion, well below the current valuation of NBA teams. (Bizportal)
Channel 14
The Mavericks plan to build a new arena to open in 2031, and a professional rebuild around Cooper Flagg. (Channel 14)
Ice
The deal amount remains confidential, but the option to buy additional shares may prove especially profitable, against the backdrop of the surge in the team's value. (Ice)
