A $2 billion stock sale by Dr. Miriam Adelson, controlling shareholder of Las Vegas Sands Corp., to fund the purchase of a majority interest in the Dallas Mavericks basketball team, has been completed, according to a Tuesday Securities and Exchange Commission filing.
The stock sale, first announced in an SEC filing on Nov. 30, provides the funds necessary for Adelson to acquire a majority stake in the NBA team.
Multiple reports indicate the team will remain in Dallas and that current owner Mark Cuban would continue to direct basketball operations for the Mavericks.
