Dallas Mavericks is an American professional basketball team that clinched the NBA title in 2011. Here is an in-depth look at the franchise and its ownership history.
The Dallas Mavericks basketball team is currently owned by Miriam Adelson, an American-Israeli physician and philanthropist. The Mavericks are a competitive team in the National Basketball Association (NBA) and are part of the Southwest Division of the Western Conference. They play their home games at the American Airlines Center in Dallas, Texas. Since their founding in 1980, the Mavericks have secured five division titles, two conference championships, and one NBA championship.
In February 2020, the Mavericks achieved a remarkable milestone by selling out their 815th consecutive game, setting an NBA record dating back to December 15, 2001. This streak is currently the longest-running in all North American major league sports. Previously, the team was owned by American billionaire Mark Cuban, who eventually sold his majority stake to Miriam Adelson and her family.
Mark Cuban is a well-known businessman and television personality who gained wealth through various ventures, including his ownership of the Dallas Mavericks and appearance on ABC’s Shark Tank. He secured the team in 2000 for $285 million after founding successful businesses like Broadcast.com, which he sold to Yahoo for $5.7 billion. Cuban is estimated to have a net worth of $6.2 billion and is renowned for his involvement in the Mavericks, politics, philanthropy, and reality television.
Miriam Adelson, on the other hand, is a renowned physician and businesswoman with an impressive background in research and medicine. She’s the widow of Sheldon Adelson, the CEO of Las Vegas Sands, who passed away in 2021. Miriam inherited the business and is now ranked as the fifth-richest woman in the world with a net worth of $32.3 billion. The Adelson family’s ties to the hotel and casino industry were one of the driving factors behind Mark Cuban’s decision to sell the Dallas Mavericks to them for future real estate opportunities.
The Dallas Mavericks have seen a significant transition in ownership from Mark Cuban to Miriam Adelson, showcasing the intriguing evolution of the franchise within the NBA and under different business influences.
