Dumonts buy out Miriam Adelson's shares of the Mavericks
Dallas News • • sports
Key Points:
- Patrick Dumont and his wife, Sivan Ochshorn, have acquired a 69% controlling ownership stake in the Dallas Mavericks by purchasing Miriam Adelson’s shares, solidifying Dumont's authority over the franchise.
- Since acquiring the team in December 2023, Dumont has made significant executive hires, including CEO Rick Welts and team president Masai Ujiri, and has overseen major decisions such as trading star player Luka Doncic.
- Mark Cuban retains a 27% minority stake and has expressed regret over selling the team, with an option for Dumont to buy an additional 20% at the original $3.5 billion valuation.
- Dumont plans to build a new basketball-only arena and entertainment district at the former Valley View Mall site, targeting a 2031 opening when the current lease at American Airlines Center expires.
- The Mavericks have undergone a comprehensive overhaul of their roster and front office under Dumont’s leadership, aiming to build a championship-caliber team centered around former No. 1 draft pick Cooper Flagg.
