Though stepping back, Cuban isn’t bowing out entirely. He’ll continue to spearhead basketball operations, ensuring his vision lives on.
A Trend in the Making: NBA’s Ownership Carousel
The Mavericks’ sale isn’t an isolated event but part of a recent trend in the NBA’s ownership landscape. In the past year alone, the Charlotte Hornets, Milwaukee Bucks, and Phoenix Suns have all witnessed similar high-profile ownership changes, each commanding multi-billion dollar valuations.
Mark Cuban Sells Stake In NBA’s Mavs To Vegas Billionaires: More Than Just Casino Royalty
The Adelsons are no strangers to the sports domain. With deep roots in Las Vegas, their empire extends beyond the glitz of casinos. They own the Las Vegas Review-Journal and have played pivotal roles in major sports moves in the city, including the NFL’s Raiders relocation and their involvement in the stadium’s funding saga.
Las Vegas: The Next NBA Frontier?
With the Adelsons’ acquisition of the Mavericks, speculation abounds about the NBA’s expansion into Las Vegas. The city, already hosting NHL, NFL, and soon MLB teams, eagerly awaits its turn to shine in the NBA universe.
