Billions quietly exchanged in major Mavericks ownership twist
New York Post • • sports
Key Points:
- Sivan and Patrick Dumont acquired a controlling 69% ownership stake in the Dallas Mavericks by purchasing Mirian Adelson’s shares in October, marking a significant power shift in the franchise.
- The Dumont family plans to invest heavily in Dallas, including building a new arena at Valley View Mall set to open for the 2031-32 season, along with renovating the team’s practice facility and offices.
- Despite selling his majority stake in December 2023, Mark Cuban retains a 27% share and expressed regret over losing control, though Dumont aims to honor Cuban’s legacy and has the option to buy an additional 20% stake.
- Dumont approved the controversial trade of Luka Doncic to the Lakers in February 2025 and has since empowered new team president Masai Ujiri to lead the franchise’s basketball operations and rebuild around Rookie of the Year Cooper Flagg.
- The Mavericks currently hold a 4-3 record and are focused on making the playoffs after a disappointing 26-56 season last year.
