Mavericks Likely Will End Up In Hands Of One Of Las Vegas’ Most Powerful Families

Nov 30, 2023, 10:01 AM

Dallas Mavericks Mark Cuban Miriam Adelson...

DENVER, CO - OCTOBER 03: Las Vegas casino owner Sheldon Adelson (R) and his wife Miriam (L) pose after the Presidential Debate at the University of Denver on October 3, 2012 in Denver, Colorado. The first of four debates for the 2012 Election, three Presidential and one Vice Presidential, is moderated by PBS's Jim Lehrer and focuses on domestic issues: the economy, health care, and the role of government. (Photo by Win McNamee/Getty Images)

(Photo by Win McNamee/Getty Images)

LAS VEGAS (AP) — Mark Cuban in many ways has been the face of the Dallas Mavericks franchise since he bought the club in 2000.

The news that he was selling a majority share to perhaps Las Vegas’ most powerful family created a number of questions.

Who Is Miriam Adelson?

Adelson, 78, is a medical doctor and widow of Sheldon Adelson, the billionaire founder and owner of Las Vegas Sands who died in 2021. She has no corporate role with the company, but her son-in-law, Patrick Dumont, is the company president and a board member.

Adelson and her family own the Las Vegas Sands and Las Vegas Review-Journal, Nevada’s largest newspaper. She also is the publisher of Israel Hayom, a Hebrew-language free daily newspaper distributed widely in the country where she was born that is friendly to Prime Minister Benjamin Netanyahu.

Adelson and her family are major players in the Republican Party in the U.S., and she and her late husband were among the biggest contributors to the campaigns of former President Donald Trump.

Las Vegas Sands sold The Venetian, Palazzo and Venetian Expo Center in Las Vegas in February 2022 for $6.25 billion to private equity firm Apollo Global Management and real estate investment trust VICI Properties. The convention hall was previously known as the Sands Expo and Convention Center.

The Adelson family was initially involved in efforts that in 2020 brought the NFL Raiders from Oakland, California, to Las Vegas, but pulled out of a $650 million pledge to finance the stadium. The Raiders were able to complete the deal to build what would become Allegiant Stadium after a loan from Bank of America.

Will The Mavs Relocate?

It’s doubtful Adelson would try to move the Mavericks to Las Vegas, especially since Cuban will retain responsibility over basketball operations. It’s more likely the city would land an expansion team. NBA Commissioner Adam Silver said in July that the league would need to finish negotiating the next media-rights deal and then would turn its attention to potential expansion.

“There’s no doubt that there’s enormous interest in this (Las Vegas) market,” Silver said at the time.

Are you on Threads yet? Let’s connect, give us a follow @kslsports

Betting On Texas

Adelson’s goal of legalizing gambling in Texas is no secret.

She pumped more than $2 million last year into a political action committee, called Texas Sands, which donated lavishly to state legislators and swarmed the GOP-controlled state Capitol with lobbyists. She also gave another $1 million separately to Republican Gov. Greg Abbott.

But the spending blitz failed to deliver a breakthrough this year in the Texas Legislature, where resistance to legalizing casinos runs deep. Texas already has a billionaire NBA owner who is a casino operator, Rockets owner Tilman Fertitta, who also supports bringing casinos to his home state but has watched lawmakers sink the idea year after year.

Underlining the political hurdles, the Texas GOP passed a resolution in March that renewed opposition among party activists, saying the purported benefits to allowing casinos “fail to overcome the substantial economic and social costs.”

Cuban’s Future

Because Cuban is leaving the popular TV show “Shark Tank” after 16 years in addition to selling his majority stake in the Mavericks, speculation online wondered if this portends a move into politics.

Cuban’s own history has long fueled whether he has such a move in his future. He considered a presidential run in 2020 as an independent, and Cuban has long been an outspoken critic of Trump, who is projected to be a top contender to reclaim the Republican nomination next year.

But Cuban poured cold water on such talk Wednesday by telling NBC News he has “no plans” to launch a campaign.

“My family would disown me,” he told the network in an email.

It’s possible Cuban has an interest in making an impact in an entirely different field and will announce those plans at a later time. He also could simply decide to take a step back from the public eye.

What’s Next?

It’s standard for the NBA to take several weeks and put the prospective new buyer of any franchise through a rigorous vetting process, going through not just financial records but anything and everything that might be problematic.

After that vetting occurs, the Board of Governors votes to decide whether or not to approve the sale. By that point, the “yes” vote is typically just a formality.

A statement by the Adelsons said they were hoping to complete the transaction by the end of the year.

It also would seem possible that the sale could be finalized by the All-Star break in mid-February when Silver holds a news conference to discuss league matters. Silver will also likely address the potential sale at the In-Season Tournament in Las Vegas when he speaks there during the Dec. 7-9 weekend.

Want more coverage like Mavericks end up in hands of Las Vegas’ most powerful family? Take us with you, wherever you go.

Download the new & improved KSL Sports app from Utah’s sports leader. You can stream live radio, video and stay up to date on all of your favorite teams.



Kyle Ireland

Lauri Markkanen Ruled Out For Wizards-Jazz Game

Jazz forward Lauri Markkanen landed on the team's injury report and was ruled out for Utah's game against the Washington Wizards.

17 hours ago


Kyle Ireland

Keyonte George Hits Sixth Three-Pointer During Jazz-Heat Game

Keyonte George continued his hot shooting in the second half by knocking down his sixth three-pointer of Utah's game against the Miami Heat.

2 days ago


Kyle Ireland

Jazz Rookie Keyonte George Knocks Down Three In Face Of Heat Defender

Jazz guard Keyonte George buried a deep three-pointer in the face of a defender during Utah's game against the Miami Heat.

2 days ago


Kyle Ireland

Jazz Rookie Brice Sensabaugh Buries Three-Pointers Against Heat

Jazz rookie Brice Sensabaugh drained a pair of three-pointers during the first half of Utah's game against the Miami Heat.

2 days ago


Kyle Ireland

Taylor Hendricks, Lauri Markkanen Block Bam Adebayo During Jazz-Heat Game

Jazz forward Taylor Hendricks and Lauri Markkanen combined to block a pair of shots by Bam Adebayo early in Utah's game against the Heat.

2 days ago

Utah Jazz rookies best plays of February...

Chandler Holt

Top Plays In February From Utah Jazz Rookies

Let's lean into the youth movement by looking back at the best plays of February from the Utah Jazz rookies.

3 days ago

Sponsored Articles


KSL Sports

KSL Sports Newsletter: Sign Up Now

Sign up today for the KSL Sports newsletter. Get the latest Utah sports news delivered to your inbox.


KSL Sports

Jazz Notes Newsletter: Sign Up Now

Sign up today for the Jazz Notes newsletter. Get insider analysis, game recaps and opportunities to win tickets!

Follow @kslsports...

The Road Home Mediathon 2023

The KSL Sports Zone and are proud to support the all-day Mediathon 2023 at the Road Home, an annual tradition to raise money and other essential items for the Road Home, a Homeless Shelter.

3 kids wearing real salt lake jerseys smiling...

Real Salt Lake

6 Reasons You Need to Experience a RSL Matchday

RSL Games are a great way to spend time with your family with fun activities, good food, and traditions you can only experience at the field.

High angle view of the beautiful Rose Bowl Stadium...

KSL Digital Sales

How to Prepare for the 2023 Rose Bowl

Everything you need to know to plan your 2023 Rose Bowl trip in Pasadena, California. This year, the Utes will face Penn State.


KSL Digital Sales

Notable Moments From The Utah Jazz Season… So Far

At the beginning of the season, the Utah Jazz were second to last. Now they rank in the top 10 teams in the Western Conference.

Mavericks Likely Will End Up In Hands Of One Of Las Vegas’ Most Powerful Families