The Las Vegas family of billionaire Tilman Fertitta is expected to acquire the Dallas Mavericks, according to reports. The news comes as a surprise to many, as the Mavericks have been owned by the same family since 2000.
The Fertitta family has a long history of success in the business world. Tilman Fertitta is the CEO of Landry’s, Inc., a hospitality and entertainment company that owns more than 600 restaurants, hotels, and casinos. His brother, Lorenzo Fertitta, is the former CEO of the Ultimate Fighting Championship (UFC).
The acquisition of the Mavericks will be the first major sports team ownership for the Fertitta family. It is expected that Tilman Fertitta will become the majority owner of the Mavericks, with his brother, Lorenzo, taking on a minority stake in the team.
The Fertittas have already made their mark in Las Vegas with their hospitality and entertainment businesses. Now, they are looking to bring their success to Dallas. It is expected that the Fertittas will bring a new level of excitement and energy to the Mavericks organization.
The acquisition of the Mavericks by the Fertittas is expected to be finalized in the coming weeks. It is a major move for both the Fertitta family and the Mavericks organization. With the Fertittas at the helm, it is likely that the Mavericks will become one of the most successful teams in the NBA.
