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MAVS NOT FOR SALE: Dumont and Adelson families speak out amid rumors of a Cuban buyback
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- MAVS NOT FOR SALE: Dumont and Adelson families speak out amid rumors of a Cuban buyback
WFAA
As word has spread that former Dallas Mavericks majority owner Mark Cuban is attempting to find investors to help him buy back into ownership of the team, the current owners are speaking out.
Long story short: The team is not for sale, according to the Dumont and Adelson families.
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"The Dumont and Adelson families remain fully committed to the Dallas Mavericks franchise and to the Dallas community," a statement from the Mavericks ownership group said. "They remain focused on building a championship organization for the long term. The team is not for sale and the families look forward to expanding their ownership stake over time."
Longtime NBA insider Marc Stein, who is based in Dallas, reported earlier this week that Cuban was part of a group that was potentially interested in buying the team back from the Dumont and Adelson families, who purchased a majority stake in the team from Cuban in 2023. Cuban still holds a significant ownership stake in the Mavericks, but not a controlling interest and he is no longer the team's governor.
Miriam Adelson and her son-in-law Patrick Dumont, officially took over majority ownership of the Dallas Mavericks in December 2023. The Adelson family is one of the richest families in the U.S. with a net worth of more than $37 billion, according to Forbes .
The Adelson family purchased a reported 73% stake in the Mavericks , with Cuban still retaining around 27% of the team, which was valued around $4 billion when the sale went through in 2023.
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Despite the Mavericks making the NBA Finals in their first year of ownership, Adelsons and Dumonts have been under near-constant criticism since the Luka Doncic trade in February 2025. While Patrick Dumont initially defended general manager Nico Harrison's decision to deal Doncic, Dumont ultimately fired Harrison in November and wrote an apology letter to Mavericks fans.
"No one associated with the Mavericks organization is happy with the start of what we all believed would be a promising season," Dumont wrote. "You have high expectations for the Mavericks, and I share them with you. When the results don't meet expectations, it's my responsibility to act. I've made the decision to part ways with General Manager Nico Harrison."
On the business front, there's been speculation from the moment the casino magnate Adelson family purchased the team that their vision would be to lobby for casino gambling in Texas and build a resort casino anchored by a new arena. Gambling legislation hasn't gotten off the ground in Texas, however the Mavericks, either way, are pursuing a new home for the Mavericks and have narrowed their site options to two areas : Downtown Dallas near where City Hall currently sits or the old Valley View Center mall property in North Dallas.
The Mavericks' current lease with the American Airlines Center expires in 2031. Mavericks president Rick Welts has said in the past they intend to move into a new arena after completing the current lease in 2031.
