It looks like the Sands Casino Family is in negotiations to purchase the Dallas Mavericks from Mark Cuban for a whopping $3.5 billion. This would be the largest purchase of an NBA team in history, and it would be a major move for the Sands Casino Family.
The Sands Casino Family is a group of investors led by Las Vegas Sands CEO Sheldon Adelson and his wife, Dr. Miriam Adelson. They are reportedly in talks to buy the Mavericks from Cuban, who has owned the team since 2000. The Adelsons have been involved in the NBA for some time, having previously owned a stake in the Houston Rockets.
The purchase of the Mavericks would be a major coup for the Sands Casino Family, as it would give them a foothold in the NBA and a major presence in Dallas. It would also give them a chance to expand their business interests in the city, as well as potentially add to their already considerable wealth.
The $3.5 billion price tag is a hefty sum, but it could be worth it for the Sands Casino Family. The Mavericks are one of the most successful franchises in the NBA, having won a championship in 2011 and making multiple playoff appearances since then. The team also has a strong fan base and is one of the most valuable franchises in the league.
It remains to be seen if the Sands Casino Family will be able to close the deal and purchase the Mavericks from Cuban. If they do, it would be a major move for them and could potentially open up new opportunities for them in the NBA. We’ll have to wait and see what happens, but it looks like this could be a big move for both sides.