• Loading stock data...
Saturday, October 4, 2025

Adelson Family Freed Up $2B To Reportedly Buy Stake In Dallas Mavericks

  • Miriam Adelson is selling off $2 billion of her Las Vegas Sands Corp stock.
  • An SEC filing indicates that Adelson plans to use the proceeds from the sale — in addition to cash on hand — to purchase a professional sports team.
Mark Cuban and Dallas Mavericks.
Jerome Miron-USA TODAY Sports

Miriam Adelson is selling off $2 billion worth of her stock in Las Vegas Sands Corp. — and plans on using it to get into the world of professional sports.

According to The Stein Line, the family plans to buy a significant share of the NBA’s Dallas Mavericks. The report also states Mark Cuban would retain operational control of the franchise. 

According to multiple reports, Cuban is selling a majority stake in the franchise for a valuation in the range of $3.5 billion.

Sands announced the move in a release late Tuesday, with an SEC filing indicating that Adelson plans to use the proceeds from the sale — in addition to cash on hand — to purchase a professional sports team. 

The $2 billion represents approximately 10% of Adelson’s stake in the company, which she inherited after her husband, Sheldon, died in 2021.

According to Forbes, Adelson is the fifth-richest American woman with an over $32 billion net worth.

Cuban has owned the Mavericks since 2000, when he purchased a majority share in the franchise for $285 million.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

A’s Unveil Sacramento Jerseys As Vegas Development Advances

The club unveils an alternate “Sacramento” jersey as Las Vegas plans advance.

Crawford-Alvarez Bout Draws Biggest Crowd in Vegas Boxing History

Record attendance, a big gate, and growing ambitions mark the high-profile bout.

Dexter Fowler Wants to Change the Narrative on Athlete Ownership

The former MLB All-Star owns a stake in Premier League team Bournemouth.

WNBA Playoff Teams Highlight Gaps in League Ownership

Only two of the five independent teams qualified for the postseason.

Featured Today

Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
FARMINGDALE, NY - SEPTEMBER 23: Rory McIlroy of Team Europe hits out of the rough on the first hole during the 2025 Ryder Cup at Bethpage State Park on Tuesday, September 23, 2025 in Farmingdale, New York.
September 25, 2025

Ryder Cup in New York: Record-Setting Hopes and Fan Concerns

Organizers anticipate record attendance and revenue, but worry remains about fan behavior.

Cardinals Vow Changes Coming After Historic Attendance Drop

A stalwart franchise looks to correct an alarming slide in attendance.
Jun 12, 2025; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) and relief pitcher Edwin Diaz (39) celebrate after defeating the Washington Nationals at Citi Field.
September 29, 2025

Two of the Mets’ Biggest Stars Could Dictate Important Offseason

The Mets missed the playoffs despite having one of baseball’s highest payrolls.
September 30, 2025

Tyreek Hill’s Injury Complicates Financial Future With Dolphins

Releasing the receiver after this season would cost $28 million.
Sponsored

How Soccer Star Jozy Altidore Became a Buffalo Bills Owner

Jozy Altidore discusses building a business legacy off the field.
September 29, 2025

Mariners to End 37-Year RSN Run, Join MLB’s In-House Media Model

The Mariners-owned regional sports network is shutting down operations.
September 25, 2025

Celtics Owner Bill Chisholm: Boston Should Have a WNBA Team

Chisholm spoke to reporters Thursday for the first time as Celtics owner.
Aug 30, 2025; Phoenix, Arizona, USA; New York Liberty head coach Sandy Brondello calls out a play in the second half to her team against the Phoenix Mercury at Footprint Center.
September 25, 2025

Liberty GM Defends Controversial Brondello Firing

Kolb said he has confidence that the team’s stars will return.
Apr 29, 2023; New York, New York, USA; New Jersey Devils center Michael McLeod (20) during the first period against the New York Rangers in game six of the first round of the 2023 Stanley Cup Playoffs at Madison Square Garden.
September 23, 2025

Rumors of Canes Interest in Hockey Canada Trial Players Provokes Fan Backlash

Hurricanes fans are threatening to boycott if Carolina signs the acquitted players.