The Dumont family has secured controlling ownership of the Dallas Mavericks after purchasing shares from Miriam Adelson, according to a report from Yahoo Sports on Tuesday.
Mark Cuban, the franchise's longtime governor, will retain a minority stake of approximately 27% in the team. The transaction marks a significant shift in the Mavericks' ownership structure, with the Dumont family assuming majority control.
Details of the purchase price and the exact percentage acquired by the Dumont family were not disclosed in the initial report. The Adelson family, led by the late casino magnate Sheldon Adelson and his widow Miriam, had held a majority stake since 2023.
Cuban, who purchased the Mavericks in 2000, will continue to be involved in basketball operations while the new controlling owners take the lead on strategic decisions.
