**Mark Cuban Selling Majority Stake in Dallas Mavericks to Adelson Family**
*Dallas Mavericks owner Mark Cuban announced that he is selling a majority stake in the team to the mega-Republican donor Adelson family. His decision comes with a declaration that he has “no plans” to run for president in 2024.*
Mark Cuban reiterated on Wednesday that he has no plans to run for president in 2024, following the news that he is selling a majority stake in the Dallas Mavericks to the Adelson family. “No plans to run,” Cuban said in an email to NBC News, putting an end to speculations about his political ambitions.
**Business Decision Contradicts Earlier Statements**
Cuban’s decision to sell a majority stake in the Dallas Mavericks contradicts his earlier statements from July, where he stated that his family “would disown me” if he launched a campaign for the White House. Despite this, he had also commended efforts by the group No Labels to create a bipartisan ticket for the presidency next year.
**Departure from “Shark Tank”**
In addition to the news of the sale, Cuban also announced that the upcoming season of the ABC television show “Shark Tank” would be his last regular appearance on the program as one of its “sharks”.
**Details of the Deal**
The big casino company Las Vegas Sands revealed that Dr. Miriam Adelson and The Miriam Adelson Trust would offer for sale $2 billion in stock in the firm. The company stated that Adelson would use the proceeds from the stock sale to buy a majority interest in a professional sports franchise. A source familiar with the deal confirmed that Cuban would sell his stake in the Mavericks to the Adelson family. However, he will continue to run basketball operations for the team as part of the agreement.
**Legacy and Future Role**
Cuban’s decision to sell a majority stake in the Mavericks marks a significant shift, raising questions about his future role in the world of basketball. Despite this, Cuban maintains that he has no aspirations for the presidency in 2024.
**Conclusion**
With these recent developments, it remains to be seen how Cuban’s exit from “Shark Tank” and the sale of the Mavericks will impact his future endeavors outside of the business world. For now, it appears that his focus remains on his business and basketball ventures rather than entering the political arena.
