![]() ![]() Cuban To Exit The Spotlight, Sells Mavs For 1,128% ROIĬuban, the primary stakeholder in the Mavericks for nearly a quarter century, bought the NBA franchise in 2000 for $285 million. “We have been advised by the Selling Stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals,” Las Vegas Sands said in the SEC filing. With an estimated net worth of $32.3 billion, Forbes recently named Adelson the 35th-richest person in the world and the fifth-richest woman. Who Is Miriam Adelson?Īdelson is the largest shareholder in Las Vegas Sands Corp., which was formerly owned and run by her late husband, Sheldon Adelson.Īccording to Forbes, Adelson is one of the richest people in the world. announced Tuesday in an SEC filing that Adelson was selling $2 billion worth of stock in the company, approximately 10 percent of her stake, to put towards buying a majority stake in a sports franchise, along with her own cash. Cuban will sell the Mavericks to Miriam Adelson and her family for a valuation in the range of $3.5 billion. Dallas Mavericks owner and famed investor Mark Cuban will sell his majority stake in the team, according to NBA insider Marc Stein.
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