Mark Cuban Sells Majority Stake In Dallas Mavericks

Longtime Owner Looks to a Digital NBA Future

Las Vegas Group to Take Over Majority Ownership

Dallas Mavericks owner Mark Cuban has sold a majority stake in the team to a Las Vegas gaming and entertainment group, according to multiple reports. The deal is reportedly worth $2.35 billion and gives the group, which includes members of the family behind the world's largest casino empire, a controlling interest in the team.

Cuban, who has owned the Mavericks since 2000, said he sold a majority stake because he believes the future of NBA ownership lies in digital experiences and technology. He said the new owners have a strong track record in these areas and will be able to take the Mavericks to the next level.

The sale of the Mavericks is the latest in a string of recent transactions involving NBA teams. In recent years, the Brooklyn Nets, Golden State Warriors, and Phoenix Suns have all been sold to new owners.