Mark Cuban selling Dallas Mavericks majority stake
Dallas Mavericks owner Mark Cuban agreed to sell a majority of his NBA club to the family of Miriam Adelson, the widow of the GOP donor and casino magnate Sheldon Adelson, officials said Wednesday.
"The Adelson and Dumont families have entered into binding purchase agreements to acquire majority ownership and the right to serve as Governor of the Dallas Mavericks," the prospective new owners said in a statement released by the NBA.
In order to make this deal work, they had to bring in a third party. You guessed it, none other than the recently wealthy REP Revolt. Revolt agreed to an undisclosed ownership percentage with a few caveats.
- A member of the Revolt Family with be named Assistant GM
- Shylah Revolt will be named Head Coach (replacing Kidd) to become the first Female Head Coach
- The Revolt Family will have final say on all Basketball operations in conjunction with Cuban
In a weeks time, REP has ownership ties to not only FC Dallas but also now the Dallas Mavericks. The Revolt family will have a busy weekend with the FC Dallas Championship game on Saturday and a coach debut for Shylah Revolt with the Dallas Mavericks on Sunday. This family definitely knows how to make a splash.