Dumonts Reportedly Gain 69% Stake in Mavericks

Patrick Dumont and his wife, Sivan Ochshorn, have bought Miriam Adelson’s shares in the Dallas Mavericks, giving their family a reported 69% controlling stake in the NBA team, according to ESPN reporter Tim MacMahon. The transfer’s completion and whether it has received approval from the NBA Board of Governors were not established in the reporting. Adelson, Ochshorn’s mother, had been part of the ownership group since it acquired control of the Mavericks from Mark Cuban in 2023. Dumont was named the team’s governor at that time. The latest reported transaction shifts Adelson’s remaining interest to her daughter and son-in-law; its financial terms were not disclosed. Dumont told ESPN that the purchase reflected a long-term investment in Dallas and the family’s commitment to a proposed new arena. The team’s lease at American Airlines Center expires in 2031. The Mavericks have entered an option agreement for a 104-acre site at the former Valley View Mall in North Dallas, which is being rezoned for a proposed arena, according to MacMahon’s report. Cuban retains a reported 27% stake in the team, while minority shareholder Mary Stanton holds the remaining 4%. Under the 2023...