The family has indicated that if the team sale is approved, Adelson’s son-in-law, Sands President and Chief Operating Officer Patrick Dumont would join the Board of Governors as the Mavericks’ representative. The Adelson family and not Sands has invested in the basketball team.
Miriam Adelson, Las Vegas Sands Corp.’s controlling shareholder, sold $2 billion worth of Sands stock in late November to finance the purchase of a majority share of the team from billionaire entrepreneur Mark Cuban. (Chase Stevens/Las Vegas Review-Journal) National Basketball Association Board of Governors has begun the process of considering an ownership change for the Dallas Mavericks, multiple sources reported Wednesday.
Chairman and CEO Sheldon Adelson during the Adelson Educational Campus' 13th annual In Pursuit of Excellence Gala at The Venetian hotel-casino in Las Vegas on Sunday, March 26, 2017. Entrepreneur Mark Cuban, center, poses with Dr.
