Patrick Dumont, the governor of the Dallas Mavericks, has announced plans to acquire the majority of Mark Cuban's remaining ownership stake in the NBA franchise, according to a report from ClutchPoints on Tuesday.
The move comes after the franchise takeover earlier this year, which saw Dumont's family assume controlling interest. Cuban, who has been the public face of the Mavericks since 2000, retains a minority share but is expected to sell most of it to Dumont.
Details of the transaction, including the valuation and timeline, were not disclosed. The Mavericks organization has not yet issued an official statement on the planned share purchase.
