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Latham & Watkins Represents Mark Cuban in Sale of the Controlling Interest in the Dallas Mavericks to the Adelson and Dumont Families

December 27, 2023
Entertainment, Sports & Media team advises on the sale of the NBA team, which Cuban has owned since 2000.

The NBA Board of Governors has announced that it approved the sale of the controlling interest in the Dallas Mavericks from Mark Cuban to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. Mr. Dumont, President and Chief Operating Officer of Las Vegas Sands Corp., will serve as the Mavericks Governor.

Latham & Watkins advised Mark Cuban in the transaction with a deal team led by New York partner Frank Saviano and Houston partner Nick Dhesi, with associates Julian Azran, Omeed Anvar, and Rachel Klein. Advice was also provided on real estate matters by Los Angeles/New York partner Meghan Cocci, with associates Sam Steinman and Will Walker; on tax matters by Bay Area partner Katharine Moir, with associate Jake Meninga; on benefits and compensation matters by Bay Area partner Erin Murphy, with associate Bryce Williamson; on IP matters by Los Angeles partner Ghaith Mahmood, with associates Veronica Ye and Jesse Kirkland; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Yoojin DeNiro; on data privacy matters by Bay Area partner Robert Blamires, with associate Jennifer Howes; on finance matters by Century City partner Nancy Bruington, with associate Jennifer Chemtob*; and on antitrust matters by Britton Davis.

*Admitted to practice in New York.