A vote on the proposed sale of the Mavericks to the Adelson and Dumont families will take place next week, writes Brad Townsend of The Dallas Morning News. A source familiar with the sale informs Townsend that commissioner Adam Silver has notified the 30 members of the league’s Board of Governors that the vote will be taken at a December 20 meeting.
Townsend’s source also says there will only be two stakeholders remaining once the sale is finalized. The Adelsons and Dumonts will serve as majority owners, with Mark Cuban holding a “sizeable stake” as minority owner.
That means the five current minority owners have decided to cash out, Townsend explains. That list includes two previous majority owners, Ross Perot Jr. and the family of franchise co-founder Donald Carter.
Scheduling the vote indicates that the league has already finished vetting the new ownership group, which is led by Sands Corp. majority shareholder Miriam Adelson and her son-in-law, Patrick Dumont, who is president of the Sands Corp., Townsend adds.
The new owners are expected to be approved by a comfortable margin, according to Townsend. He notes that Adelson and Dumont have an estimated worth of about $33 billion, which would rank them among the wealthiest owners in U.S. professional sports, trailing only Clippers owner Steve Ballmer and the Walton family, which owns the NFL’s Denver Broncos.
The Adelson-Dumont family will need support from at least three-fourths of the Board of Governors for the sale to be approved.
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