Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'.

This article focuses on Mark Cuban’s sale of his majority stake in the Dallas Mavericks NBA team to the family of Miriam Adelson, controlling shareholder of Las Vegas Sands Corp., in 2023 for $3.5 billion. Cuban, who bought the team in 2000 for $285 million and helped transform it into an NBA champion franchise, retained a 27.7% minority stake but later expressed regret over the sale process and the new ownership group. The Adelson family, worth an estimated $40 billion, plans to increase their ownership, potentially reducing Cuban’s stake further. Cuban cited financial pressures and a desire to avoid involving his children in team management as reasons for selling, though he acknowledged losing influence over basketball operations after the deal. [Extracted from the article]