Jackson Walker represented Mark Cuban and the Dallas Mavericks in the recently closed sale of a controlling interest in the team to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. Mr. Dumont, who is the President and Chief Operating Officer of the Las Vegas Sands Corp., will serve as the team’s Governor.

Partners Brian Lidji and Kyle Hooper led the Jackson Walker team which included, among others, Adrian Allen (mergers and acquisitions), Ron Kerridge (tax), Brad Lowry (real estate), and Jim Struble (aviation).

The Texas Lawbook named the transaction among the “Top 15 M&A Deals of 2023“. For more information about the transaction, view the following articles featured in the press:

• AP News: Mark Cuban says the changing NBA landscape led to his sale of the Mavs to casino families
• The Athletic: NBA approves Mark Cuban’s sale of Mavericks majority stake to Adelson, Dumont families
• The Dallas Morning News: Mark Cuban’s sale of Dallas Mavericks unanimously approved by NBA
• ESPN: Mark Cuban says sale puts Mavs in ‘better position to compete’

Meet JW

Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. As a law firm with deep roots in Texas, we have played a role in high-profile deals involving the formation and early stages of Texas professional sports teams—including the formation of the Texas Rangers in the mid-1970s, the incorporation of the Dallas Mavericks in 1980, and a major investment in Austin FC in 2019. With over 500 attorneys, we are the largest firm in Texas and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions ranging from millions to billions. To explore the firm’s experience handling transactions in the sports industry, visit our Corporate & Securities and Sports pages.