“Financially, we’re in a far better position this afternoon than we were yesterday afternoon to be able to compete like that,” Cuban said.
Diamond Sports, the company that owns the regional sports network that carries the Mavericks, is in bankruptcy proceedings.Ĭuban said the sale makes revenue from media rights deals much less of a concern for the Mavericks. Now, the future of media rights deals is in question. He became a billionaire when the radio internet streaming company he co-founded was bought by Yahoo. “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.”Ĭuban said when he bought the Mavericks in 2000, he had the advantage of understanding technology. “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 Adelson and Dumont families said in a statement. Sheldon Adelson, the founder of Las Vegas Sands, died in 2021 at age 87.
Miriam Adelson is the controlling shareholder of Las Vegas Sands Corp., a publicly traded Las Vegas company that built the Venetian and Palazzo resorts but now only has casino operations in Macau and Singapore.
