In 2023, Mark Cuban sold his majority stake in the Dallas Mavericks to Patrick Dumont. Since then, the Mavericks have been to the NBA Finals, but following that, there has been a lot of shakeup in the organization. In an attempt to get the franchise back in order, there is an investor group looking to partner with Cuban to buy it back, according to NBA insider Marc Stein.
“BREAKING: An unidentified Dallas investor group is interested in partnering with Mark Cuban to buy the Mavericks back from Patrick Dumont, TheSteinLine has learned. A source close to Dumont told me ‘the family remains excited about the future of the franchise and the Cooper Flagg era,'” Stein wrote on X, formerly Twitter.
During a 2024 interview with Wired's Lauren Goode, Cuban shared why he decided to sell his stake.
“It's more platforming for the next step,” Cuban said. “I don't look at myself and think, ‘I'm a man of a certain age. I've got to change what I'm doing.' No. It's more like, I like to disrupt things. I like to play the game. I like to compete in business.”
The Mavericks are heading into a new direction with Flagg as the cornerstone of the team, and it looks like the investor group has some big plans for how they want the franchise to move forward.
The only thing is that Dumont may not have any interest in selling his stake, which makes sense since he hasn't had the team for that long. At the same time, we all know money talks, and a certain amount could move Dumont.
