In a monumental shake-up in the NBA ownership landscape, Miriam Adelson and her family, the majority owners of the Dallas Mavericks, have officially received approval to sell the franchise. The buyer? None other than Michael Jeffery, majority stakeholder of the Charlotte Hornets organization, in a record-breaking deal valued at $3.864 billion.
The news was confirmed just minutes ago by league officials, marking one of the largest transactions in NBA history. The deal signals a new chapter for the Mavericks, a franchise that has been synonymous with success, stability, and a fiercely loyal fan base.
“This is a historic moment for the NBA,” one league insider commented. “It’s rare to see such a storied franchise change hands at this level, and the price reflects just how valuable the Mavericks are both on and off the court.”
A Massive NBA Power Shift
The sale not only reshapes the Mavericks’ future but also has ripple effects across the league. Michael Jeffery, who has already been active in the NBA with his stake in the Charlotte Hornets, will now become one of the most influential figures in basketball ownership circles.
It remains unclear how this deal will affect his Hornets involvement, but sources suggest that Jeffery could seek to restructure his commitments in Charlotte to fully focus on building the Mavericks into an even greater global brand.
Why the Sale?
Miriam Adelson and her family took control of the Mavericks in recent years after purchasing the majority share from long-time owner Mark Cuban. While Adelson has been praised for her financial stability and investment in the team, insiders say the family was looking to “diversify business interests” and saw the record-setting offer as the right time to step aside.
The Future of the Mavericks
Dallas has long been a jewel in the NBA, with its passionate fan base, global recognition, and a history highlighted by the 2011 NBA Championship led by Dirk Nowitzki. Under new ownership, the team is expected to invest even more aggressively in star talent, facilities, and global expansion.
Fans outside the American Airlines Center reacted with a mix of surprise and cautious optimism:
“It’s shocking we didn’t see this coming,” said one lifelong Mavericks supporter. “But if this brings more championships to Dallas, we’re all for it.”
Record-Breaking Deal
At $3.864 billion, this sale sets a new standard for NBA franchise valuations, surpassing several previous records. It reinforces the league’s explosive financial growth, boosted by global marketing, streaming rights, and the sport’s massive popularity across continents.
The NBA has scheduled a press conference later this week where Commissioner Adam Silver will address the details of the deal and outline what this means for the Mavericks and the league as a whole.
For now, Dallas fans can only watch as a new era begins one marked by record-breaking wealth, shifting power, and the promise of a bold future for the Mavericks.
