The Adelson family’s majority stake is valued at a reported $3.5bn. The transaction is expected to close this week, according to a news release from the league on Wednesday.Īccording to earlier reports, Cuban is expected to maintain control of the Mavericks’ basketball operations.Ĭuban, 65, who recently announced he was leaving the popular business TV program Shark Tank after a 16th season next year, rose to fame quickly after buying the Mavericks in 2000.
