The families of impending Mavericks majority owner Miriam Adelson and her son-in-law, Sands Corp. president and COO Patrick Dumont, on Wednesday released a statement about their purchase of the franchise’s majority interest from Mark Cuban.
The Adelson/Dumont families say they are hopeful of completing the purchase by the end of 2023 and that, contrary to reports, the Adelson/Dumont families would serve as the franchise’s Governor, although a person familiar with negotiations told The News that Cuban would maintain operational control:
The official statement on behalf of the Adelson and Dumont families:
“The Adelson and Dumont families have entered into binding purchase agreements to acquire majority ownership and the right to serve as Governor of the Dallas Mavericks.
“The families are targeting a closing of the transaction by year-end, subject to satisfaction of customary closing conditions and approval of the NBA Board of Governors.
“The Dallas Mavericks are one of the world’s most successful and recognizable sports franchises. The team has won an NBA championship, has a long history of attracting international superstars and has been supported by a dedicated and passionate fanbase and leadership group led by Mark Cuban.
“The Adelson and Dumont families are honored to have the opportunity to be stewards of this great franchise. Through our commitment and additional investment in the team, we look forward to partnering with Mark Cuban to build on the team’s success and legacy in Dallas and beyond.
“The goal is to win and to have a team that proudly represents the greater DFW area and serves as a strong and valuable member of the local community.
“We believe that with this partnership and our commitment to the team, the community and the fans, the future is bright for the Dallas Mavericks.”
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