A vote on the proposed sale of the Mavericks to the Adelson and Dumont households will happen subsequent week, writes Brad Townsend of The Dallas Morning Information. A supply acquainted 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 probably be taken at a December 20 assembly.
Townsend’s supply additionally says there’ll solely be two stakeholders remaining as soon as the sale is finalized. The Adelsons and Dumonts will function majority homeowners, with Mark Cuban holding a “sizeable stake” as minority proprietor.
Meaning the 5 present minority homeowners have determined to money out, Townsend explains. That listing consists of two earlier majority homeowners, Ross Perot Jr. and the household of franchise co-founder Donald Carter.
Scheduling the vote signifies that the league has already completed vetting the brand new possession group, which is led by Sands Corp. majority shareholder Miriam Adelson and her son-in-law, Patrick Dumont, who’s president of the Sands Corp., Townsend provides.
The brand new homeowners are anticipated to be accredited by a snug margin, in response to Townsend. He notes that Adelson and Dumont have an estimated value of about $33 billion, which might rank them among the many wealthiest homeowners in U.S. skilled sports activities, trailing solely Clippers proprietor Steve Ballmer and the Walton household, which owns the NFL’s Denver Broncos.
The Adelson-Dumont household will want help from not less than three-fourths of the Board of Governors for the sale to be accredited.
