Mark Cuban Sues Maverick's Owners Over 'Adversarial Business Practices”

Cuban Is Reportedly Shut Out From Business Operations

Billionaire Mark Cuban is suing the new ownership group behind the Dallas Mavericks, the team he used to own the majority of. He’s accusing them of cutting him out of business decisions involving the team.

According to the Dallas Morning News, Cuban is calling out “adversarial business practices” as the new owners try to move the team about 10 miles away to a new arena on the old Dallas mall site. He’s specifically going after Patrick Dumont, who now serves as the governor of the Mavericks.

Back in 2023, Cuban sold the majority stake to the families of Miriam Adelson and her son-in-law, Dumont. Part of the agreement was that Cuban would stay in charge of basketball operations. Instead, Dumont handed full control over to Nico Harrison, the former general manager.

Cuban also says he wasn’t told or consulted about the trade that sent star Luka Dončić to the Los Angeles Lakers. He only found out after it was already done and too late to do anything about it.

Even though Cuban sold the majority, he still owns 27% of the team. Dumont has the option to buy another 20% of Cuban’s remaining shares.

The Mavericks just signed a deal to buy the 104 acres where the old Mall of Dallas used to sit. They’re planning a new arena there that’s supposed to open in 2031. Right now the team plays at the American Airlines Center, but that lease runs out the same year.

Cuban says he was contractually supposed to be involved in the arena move, but he got completely shut out.

This is still developing.

_{Source: New York Post}