Miriam Adelson Steps into Sports with $2 Billion Mavericks Bid, Joining Forces with Mark Cuban

Miriam Adelson, the principal shareholder of Las Vegas Sands and the widow of Sheldon Adelson, is set to reshape her investment portfolio with a bold move in the sports sector. She is preparing to offload $2 billion worth of her shares in Las Vegas Sands, approximately 10% of her stake in the company. The objective of this significant stock transaction is to finance her foray into the sports world, with a specific focus on acquiring a majority share in the Dallas Mavericks. This strategic move not only diversifies her investments but also places her in a new business relationship with Mark Cuban, the current owner of the Mavericks. Adelson’s entrance into the sports industry, alongside a seasoned entrepreneur like Cuban, could signal a transformative period for the Mavericks and the broader sports business landscape.