Billionaire Forced To Sell His NBA Team

Photo by Markus Spiske on Unsplash

( – Billionaire Mark Cuban recently decided to sell his majority stake in the Dallas Mavericks, causing many people to speculate that he was potentially considering a presidential run.

The Associated Press reported on Tuesday that the 65-year-old billionaire was in the process of selling the team as part of a $3.5 billion deal. His stake would be sold to the family that owns the Las Vegas Sands casino company. The anonymous source reported that the NBA would need weeks to process the deal, which would allow Cubans to continue having control over the franchise’s basketball operations.

Hours before the report, it was announced that Miriam Adelson, who is the widow of Sheldon Adelson, a casino magnate, would be selling $2 billion of her shares in the casino business to purchase a professional sports team. No additional details were provided on which team she would be purchasing.

Cuban, who had bought the Mavericks in 2000 and had managed to transform the trajectory of the team, as well as the announcement that he would be exiting Shark Tank, have led to many people speculating that Cuban might be considering joining the presidential race.

The idea was first brought forward by Right Side Broadcasting Network director of programming Brian Glenn, who had posted on X, formerly known as Twitter, that there were speculations about Cubans running for the White House at some point. The speculations were heightened after his recent decisions, which made it look like he was clearing his schedule to have time for something else.

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