Mark Cuban said he regrets who he sold the Mavericks to in 2023: 'I made a lot of mistakes in the process'

Mark Cuban doesn’t have regrets about his decision to sell his majority stake in the Dallas Mavericks. Who he sold to, however, is a different story. Cuban revealed this week that, after a tumultuous few years following the sale, he would not have sold the Mavericks to Miriam Adelson and her son-in-law Patrick Dumont.

“I don’t regret selling,” Cuban said on the Intersections podcast . “I regret who I sold to. I made a lot of mistakes in the process, and I’ll leave it at that.

” Cuban first purchased the Mavericks in 2000 for about $285 million. The team won the NBA Finals in 2011 with Dirk Nowitzki, and then Cuban opted to sell his majority share in December 2023 at about a $3. 5 billion valuation.

Cuban retained about 27% of the Mavericks, while the majority share went to Adelson and Dumont, who is the CEO of the Las Vegas Sands. Cuban said at the time that nothing would really change basketball-wise and that he’d still be involved in that aspect of the team. But things did change, and quickly.