[Saba Sports News] Mark Cuban, known for his entrepreneurial ventures, is making significant moves in his career. Recently, it was revealed that Cuban will depart from the TV show “Shark Tank” after its 16th season. Following this news, reports surfaced that he is selling a majority stake in the Dallas Mavericks basketball team. The Adelson family, known for their involvement in the Las Vegas Sands and the casino industry, is acquiring this majority stake at a valuation of $3.5 billion.
Interestingly, despite selling the majority stake, Cuban is reported to be keeping a substantial minority share in the Mavericks and will continue overseeing basketball operations. This move comes two decades after Cuban bought the majority stake in the team for $285 million in 2000 from Ross Perot.
Cuban, 65, has previously shown interest in politics and even contemplated running for president. His decision to step away from “Shark Tank” and reduce his ownership in the Mavericks suggests he might be preparing for another major endeavor or shift in focus.