Olga Prentiss
May 02, 2024 - 05:10

Who owns the Dallas Mavericks basketball team

Dallas Mavericks, NBA champions in 2011, now owned by Miriam Adelson. Learn about the team's history, Mark Cuban, and more.

The Dallas Mavericks, an American professional basketball team, achieved NBA glory in 2011. Let's delve into the rich history of this franchise and its ownership transitions.

Currently, the Dallas Mavericks are under the ownership of Miriam Adelson, an American-Israeli physician and philanthropist. Competing in the NBA as part of the Southwest Division in the Western Conference, the team calls the American Airlines Center in Dallas, Texas, its home.

Since their inception in 1980, the Mavericks have garnered an impressive five division titles, two conference championships, and one NBA championship. Their success is further highlighted by the remarkable achievement of selling out a record-breaking 815 consecutive games, a streak that began in December 2001 and continues to this day.

Previously, the team was owned by the renowned American billionaire Mark Cuban, a prominent figure in both the business world and television industry. Cuban's entrepreneurial ventures, including founding MicroSolutions and Broadcast.com, have contributed to his substantial wealth. In 2000, he purchased the Mavericks for $285 million, leading the team to victory in the 2011 NBA Championship.

In a significant ownership shift, Cuban sold the majority stake in the Mavericks to Miriam Adelson and her family. Miriam, a distinguished physician with a background in microbiology and genetics, has made significant contributions to medical research and addiction treatment. As the widow of Sheldon Adelson, a prominent figure in the casino and resort industry, she has become one of the wealthiest women in the world.

The decision to transfer ownership to the Adelson and Dumont families, with their ties to the hotel and casino sector, marks a new chapter in the Dallas Mavericks' history. This transition underscores the team's enduring legacy and commitment to excellence on and off the court.