Adam Grossman
Mark Cuban sold a 72.3% ownership stake of the Dallas Mavericks to the Adelson family in December of 2023. While a substantial amount of money, the $3.5 billion that Cuban reportedly secured from the Adelsons potentially undervalued the team. When asked why Cuban sold the team when he did and for a “discounted” price, Cuban stated, “And so you see other teams in all sports…talking about doing real estate development. That’s just not me. I wasn’t going to put up $2 billion to get an education on building. If we’re able to build a Venetian-type casino in Dallas with an American Airlines Center…
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