Patrick Dumont has no plans to sell the team despite Mark Cuban

This week there was speculation about it Mark Cuban could be included in an offer to buy the Dallas Mavericksbut that possibility seems unlikely as owner Patrick Dumont reportedly has no plans to sell.

“The Dumont and Adelson families remain fully committed to the Dallas Mavericks franchise and the Dallas community,” a family spokesperson it is stated in the announcement Wednesday for Brad Townsend of the Dallas Morning News. “They remain focused on building a championship organization for the long term.”

“The team is not for sale and the families look forward to expanding their ownership stake over time.”

The renewed rumors follow reports that an unidentified Dallas-based investment group has explored a partnership with Cuban to buy the franchise. He believes, however, that it is unlikely to regain majority ownership in the near future.

“I get asked quite often if I would be part of the group if they could buy the team,” the 67-year-old wrote to Townsend on Wednesday. “I tell them all the same thing: I don’t see them selling.”

Cuban sold his majority stake in December 2023 to the Adelson family for $3.5 billion. Dumont, Miriam Adelson’s son-in-law, assumed the role of team governor after the transaction. Cuban retained a 27 percent minority ownership stake, but relinquished control of basketball operations. He later explained that the NBA rejected efforts to retain formal authority over basketball decisions, clarifying that the league’s rules set the governors as the final decision.

Under the terms of the purchase agreement, the Dumont and Adelson families have an option to buy all but 7 percent of Cuban’s remaining shares within the first four years of ownership. They have until December 2027 to take advantage of that provision. They reportedly intend to buy at least part of Cuba’s 27 percent stake, which would further consolidate control within the current ownership group.

Since the 2023 sale, the franchise has made some headline-grabbing moves, none bigger than the February 2025 trade that sent superstar Luka Doncic to the Los Angeles Lakers. Cuban was not consulted on that decision. The trade, along with subsequent roster changes, added to fan discontent and increased public discussion about the direction of ownership. Cuban, who originally purchased the Mavericks in 2000 for $285 million, oversaw 23 years that included four Western Conference Finals, two NBA Finals appearances and the 2011 NBA Championship.