How Much Did Mark Juban get for Dallas Mavericks 

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The NBA gave its approval to Mark Cuban's sale of the Dallas Mavericks' majority ownership to the family of Las Vegas Sands Corp.'s controlling shareholder, Miriam Adelson.

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NBA approves Mark Cuban's $3.5 billion sale of the majority of the Dallas Mavericks to the widow of a casino mogul.

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According to a statement, the $3.5 billion deal was approved by the basketball league's Board of Governors on Wednesday and is anticipated to close this week. Cuban will continue to own a small share.

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The approval puts Adelson, the widow of casino magnate Sheldon Adelson, and Las Vegas Sands a step closer to their goal of eventually building a casino and arena complex in Dallas

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Sands has spent years trying in vain to persuade Texas to allow casino gaming. Large resorts with integrated hotels, casinos, convention space, and entertainment are the company's speciality.

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For $285 million in 2000, Cuban purchased the Mavericks, and he is well-known for his courtside seats. The amount is much higher than the $2.77 billion Mavericks valuation that sports media company Sportico set in December.

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Record amounts have been spent for sports teams over the last two years, including $5.4 billion for Chelsea Football Club and $6 billion for the NFL's Washington Commanders.

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