Mark Cuban won’t regain control of the Dallas Mavericks anytime soon.
The Dumont and Adelson families, who currently own the majority of the Mavericks, issued a statement on Wednesday night via veteran NBA writer Marc Stein, saying the team is not for sale.
“The team is not for sale, and the Dumont and Adelson families look forward to expanding their ownership stake over time,” the statement said. “They are fully committed to the Mavericks and the Dallas community, focusing on building a championship organization for the long term.”
This comes after news that Cuban, the former controlling owner, is seeking to partner with an unidentified investor group to buy the team. In 2023, he sold his majority share to the Dumont and Adelson families, valuing the franchise at $3.5 billion, but now hopes to regain majority ownership.
Cuban, now 67, purchased the team in 2000 for $285 million. After four conference finals, two NBA Finals appearances, and a championship in 2011, he sold his controlling stake, explaining later his reasons for doing so. Currently, Miriam Adelson and her son-in-law Patrick Dumont, who acts as the governor of the Mavericks, are the controlling owners.
Under Adelson and Dumont’s leadership, the Mavericks made a significant change by trading star player Luka Doncic to the Los Angeles Lakers in February 2025. Cuban, still a minority owner, was not consulted on this trade, indicating a shift in his influence within the franchise.
Cuban did experience a recent success in helping to have former Mavericks general manager Nico Harrison dismissed. However, Cuban’s aspirations to regain majority control of the team appear to be increasingly unlikely.