On Wednesday, other NBA clubs were expected to review the sale of the Dallas Mavericks to new owners for final approval, according to The Dallas Morning News, a media partner of NBC 5.
After the deal with the Las Vegas casino family was finalized, Mark Cuban, who has been the Mavs’ ownership face for 23 years and is already affluent, looked to become even richer.
According to sports talk presenter Kevin Hageland of 105.3 The Fan, basketball fans have been discussing the possibility of the Mavs’ elimination.
I remember feeling a twinge of worry about whether it was Vegas or somewhere else at first. The public has finally come to terms with the fact that the team can only relocate within the Metroplex, according to Hageland.
For a long time now, Cuban has insisted that we transfer the club out of the American Airlines Center before their lease ends in 2031. It would remain in Dallas, he had previously stated.
The Mavs, which Cuban purchased for $285 million in 2000, allegedly fetch $3.5 billion when they are sold.
The transaction will allow him to realize his dream of building a new arena with a casino, and he has stated that he will continue to oversee the team while being a minority owner.
Dallas City Council Member Zarin Gracey has stated that the planned Downtown Dallas Convention Center, which was approved by voters in 2022, should be located near to any future legal casinos in Texas.
“We need to make sure we are playing it smart so we can benefit from this,” Gracey said, adding that the addition of what might be a casino and a basketball arena was a fantastic opportunity for the city of Dallas.
Miriam Adelson and her family from Las Vegas are the Mavs buyers, but they are also linked to an entity that owns a large plot of land in Irving.
Nearby, at the site of what was once Texas Stadium, is where the Dallas Cowboys played their home games.
For easy access to Downtown Dallas, DFW Airport, and the nearby Las Colinas Urban Center, a DART Rail line passes through it.
The buyers’ agent stated that the Irving site will be developed into a resort.
The Mavs may be aiming for the Irving property, but nobody has said so yet. Whether Irving is near enough to qualify as keeping the franchise in Dallas is something Cuban has not stated.
According to Hageland, “I do not believe this is going to be a sustainable thing where you are still in charge of all the aspects,” even though you don’t own the majority of the team. For the time being, I believe it will be something that lasts no more than two or three years. Mark Cuban may decide he wants to move on from where he is in life at some point, in my opinion. To be honest, I have no idea if things will stay the same or not.
In order to devote more time to his family, Cuban has already stated his intention to step down from his position as a Shark Tank judge.
However, for the time being, Cuban will continue to represent the Dallas Mavericks as an owner.
The evaluation process by the NBA Board of Governors was supposed to start on Wednesday, according to Dallas Morning New Mavericks beat reporter Brad Townsend’s X post. However, it might take another day to finish.
Further information will be published as it becomes available, according to a spokesman from the buyers who confirmed the acquisition deal in November.
