Dallas Mavericks Sold to Las Vegas Casino Magnate Miriam Adelson

New Owners Promise to Invest Heavily in Team

Purchase Price Said to Be in the Billions

Las Vegas casino magnate Miriam Adelson has reached a binding agreement to purchase the Dallas Mavericks from Mark Cuban for a reported sum in the billions. The deal, which is subject to approval by the NBA Board of Governors, would make Adelson the first woman to own a majority stake in an NBA team. Adelson, who is the widow of casino mogul Sheldon Adelson, is a prominent Republican donor and philanthropist. She is also a close friend of former President Donald Trump. Cuban, who has owned the Mavericks since 2000, said in a statement that he is "thrilled" to be selling the team to Adelson. He said that he believes she is the "perfect person" to lead the Mavericks into the future. "Miriam is a successful businesswoman and a passionate sports fan," Cuban said. "She has the vision and the resources to take the Mavericks to the next level." Adelson said in a statement that she is "honored" to be the new owner of the Mavericks. She said that she is committed to investing heavily in the team and to making it a perennial contender for the NBA championship. "I am a huge fan of the Mavericks and I am excited to be a part of their future," Adelson said. "I believe that we can build a championship team in Dallas and I am committed to doing everything I can to make that happen." The sale of the Mavericks is expected to close in the coming weeks.