Cuban has sold the Mavs to Adelson-Dumont Family

[F Gump]

https://www.msn.com/en-us/sports/nba/mav...d=msedgntp&cvid=c360ef2982f34adeacd3d50cb88c53b3&ei=34


Cuban to retain 25% stake and forevermore control.

Interesting (and somewhat clarifying) numbers in that article.

1 Cuban sold about 75%. The Adelson's will be the majority owner and the NBA Governor of the team.
2 The total valuation of the franchise at the time of sale was deemed to be 4.03B. But ...
3 Extrapolated, the Adelson's only paid about $2.625B for their 75% share (even though 75% of $4.03B is $3.023B). The "$3.5B valuation" number we keep seeing is what it would have cost the Adelsons to buy 100% at that price per share.
4 But the pricing was skewed because Cuban was keeping 'control of the basketball team' and being designated 'alternate NBA Governor,' whatever those things mean. We do know that Cuban essentially paid about 400K (the difference in price for the 75% being sold) in order to have those things.
5 This does imply that Cuban will make basketball decisions - but it doesn't tell us who sets the financial limits in acquiring players and staff. I presume the A's will hold those reins.