The NBA Board of Governors approved Mark Cuban’s deal to sell a 70 percent stake in the Dallas Mavericks to the Adelson and Dumont families.
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The NBA Board of Governors is expected to complete the vote on the sale of a majority share in the Dallas Mavericks basketball team within a few days via email.
Vote to consider approval of Miriam Adelson’ acquisition of a majority share of the NBA’s Dallas Mavericks from billionaire Mark Cuban was scheduled to begin Wednesday.
The Dallas Mavericks played in the first NBA game on an Indian reservation when they met the Phoenix Suns in Kykotsmovi, Arizona, in 1986.
Company officials would not say what the land could be used for, but it’s large enough for an integrated resort-casino with a new NBA-ready arena.
The stock sale provides the funds necessary for Dr. Miriam Adelson to acquire a majority stake of the NBA’s Dallas Mavericks.
With Sands shareholder Miriam Adelson near to completing the sale of $2B in stock to buy a majority interest in the Dallas Mavericks, a role in the Oak View project has been dismissed.