Las Vegas casino magnate Miriam Adelson’s purchase of the Dallas Mavericks, announced last week, left fans wondering one big question: Why?
The Mavs’ longtime owner, Mark Cuban, has been the face of the franchise for more than two decades. And while he’ll remain involved in the organization, his sell of a majority stake in the team was a surprise.
Cuban himself told us the sale will put the Mavs “in a better position to compete,” with concerns over traditional media revenue looming. Cuban said a new arena and “hopefully a future resort casino,” by partnering with Adelson’s Las Vegas Sands Corp., could make up some of those potential revenue dips in the future.
