Dumont family assumes control of Mavericks after Adelson share purchase

Sivan and Patrick Dumont have become the controlling owners of the Dallas Mavericks, acquiring 69% of the shares from Miriam Adelson. Mark Cuban remains a minority owner with a 27% stake. The Dumonts' ownership follows Cuban's sale of the team at a $3.5 billion valuation in 2023. Patrick Dumont, who is married to Adelson's daughter, has indicated plans to enhance the team's facilities, including constructing a new arena at the Valley View Mall site in north Dallas, expected to open around the 2031-32 season. The Mavericks currently hold a 4-3 record as they prepare for a game against the San Antonio Spurs.

• 9:41 PMYahoo Sports — Dumont family takes controlling ownership of Mavericks after purchasing shares from Miriam Adelson