Mark Cuban Says He Regrets Who He Sold the Mavericks To
The billionaire reflects on handing control to Miriam Adelson and the emotional toll of stepping away from the Mavericks.
Photo by Anna Webber/Getty Images for Inc. at Inc. Founders House at SXSW Mark Cuban is looking back on the sale of the Dallas Mavericks with a very different perspective than he had two years ago.
The billionaire entrepreneur said that he still believes selling his majority stake in the franchise was the right move, but he now regrets handing control of the team to Miriam Adelson and Patrick Dumont. Cuban made the comments during an appearance on the Intersections podcast , where he reflected on the Mavericks’ turbulent stretch since the ownership change. “I don’t regret selling,” Cuban said.
“I regret who I sold to. I made a lot of mistakes in the process, and I’ll leave it at that. ” Cuban sold his controlling share of the Mavericks in December 2023 in a deal valued at roughly $3.
5 billion. Adelson, the majority shareholder of Las Vegas Sands, and her son-in-law Dumont took over control of the franchise, while Cuban kept a 27 percent stake. COMPLEX SHOP: Shop the brands you love, anytime and anywhere.