On April 15th, 2021, the NBA Board of Governors unanimously approved the sale of the Dallas Mavericks to a group of investors led by the Adelson and Dumont families. The sale, which was announced in February, was approved after a thorough review process by the NBA.

The Adelson and Dumont families are both well-known and respected in the business world. The Adelsons are a family of entrepreneurs and venture capitalists, while the Dumonts are a family of private equity investors. Both families have extensive experience in the sports industry, having invested in several professional sports teams in the past.

The new ownership group will be led by Mark Cuban, who has been the majority owner of the Mavericks since 2000. Cuban will remain as the team’s chairman and CEO, while the Adelsons and Dumonts will serve as co-owners. The new ownership group also includes several other investors, including former NBA player and current Mavericks executive vice president of basketball operations Michael Finley.

The sale of the Mavericks marks a new era for the franchise, as it is the first time in its history that the team has been sold to an outside ownership group. The new ownership group is expected to bring fresh ideas and energy to the organization, as well as increased financial resources.

The Mavericks have been one of the most successful teams in the NBA over the past two decades, winning an NBA championship in 2011 and making several deep playoff runs. With the new ownership group in place, the Mavericks are expected to continue their success for many years to come.

The NBA Board of Governors’ approval of the sale of the Mavericks is a testament to the strength of the Adelson and Dumont families’ investment portfolio and their commitment to the success of the franchise. With their experience and resources, the new ownership group is expected to take the Mavericks to even greater heights in the future.