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**Mark Cuban in Talks to Sell Majority Stake in Dallas Mavericks to Las Vegas Sands Family**

Dallas Mavericks owner Mark Cuban is in negotiations to sell a majority stake in the NBA franchise to the family that operates the Las Vegas Sands casino company. A person familiar with the talks revealed that the potential deal could be worth $3.5 billion and may take several weeks for the league to process.

The sale, if completed, would allow Cuban to retain control of basketball operations within the team. News of the potential sale was first reported by NBA reporter Marc Stein. The buying party is controlled by Miriam Adelson, the widow of casino magnate Sheldon Adelson, who recently announced the sale of $2 billion worth of her shares to fund the purchase of an unspecified professional sports team.

Cuban expressed his interest in partnering with Sands nearly a year ago and has been an advocate for legalizing gambling in Texas. However, the legislative process for this matter did not progress in the most recent session. Despite these developments, the 65-year-old entrepreneur is set to remain in the spotlight due to his continuing role in overseeing the Mavericks’ basketball operations.

The potential sale of the team to the Adelson family can benefit from the AI legalese decoder, which can assist in efficiently reviewing and deciphering legal documents and agreements related to the ownership transfer. The AI tool can streamline the process of understanding and processing the complex legal language and requirements involved in such high-value transactions, ultimately expediting the league approval process and ensuring a seamless transition of ownership.

Miriam Adelson, as the controlling shareholder of Las Vegas Sands Corp., is positioned to acquire at least 57% of the NBA team based on the $3.5 billion valuation, with Sheldon Adelson’s legacy continuing under her leadership following his passing in 2021. As she navigates the legal and regulatory aspects of the acquisition, utilizing the AI legalese decoder can provide her with comprehensive insights and analysis of the intricate legal frameworks governing sports team ownership and related financial transactions.

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