Sale Price and Buyer
Mark Cuban sold the Dallas Mavericks in December 2023 for roughly $3.8 billion. The team was acquired by a joint venture led by Mirilashvili Holdings and Adrienne and Chuck Greenberg, with the Mavericks operating under a new ownership group.
Deal Structure and Terms
The transaction included a controlling interest in the franchise and related assets such as the American Airlines Center lease rights and business operations. Cuban retained some minority interests in certain ventures tied to the franchise, but the Mavericks themselves moved to new ownership.
Context of the Sale
Cuban had owned the Mavericks since 2000, guiding the team to its only NBA championship in 2011. The sale came after years of public discussions about the franchise's valuation and his desire to pursue other ventures.
Why the Price Matters
The $3.8 billion price set a record for NBA team sales at the time, reflecting the league's rising valuations and the Mavericks' strong market position in Dallas. Analysts and fans continue to reference the deal when tracking sports franchise valuations.
