Mark Cuban, Dallas Mavericks Owner, Not Planning to Run for President in 2024
Mark Cuban, the owner of the Dallas Mavericks, made headlines recently when he announced that he is selling a majority stake in the team to the Adelson family, a prominent Republican donor. Despite the speculation that this move could be a precursor to a political run, Cuban reiterated that he has no plans to run for president in 2024.
Cuban made it clear in an email to NBC News, stating “No plans to run,” effectively putting all rumors to rest. This clarification comes after Cuban had previously mentioned that his family “would disown me” if he launched a campaign for the White House.
However, it is worth noting that Cuban had expressed support for the bipartisan efforts by the group No Labels to create a presidential ticket for the upcoming election, hinting at his potential involvement in the political arena.
In addition to his business and political declarations, Cuban also announced that the upcoming season of the popular television show “Shark Tank” would be his last regular appearance as one of the show’s “sharks.”
In the midst of the news surrounding his team and potential political aspirations, there also emerged reports of a significant sale of stock in the Las Vegas Sands corporation. The company confirmed that Dr. Miriam Adelson, along with The Miriam Adelson Trust, would be selling $2 billion in stock. This move aligns with the announcement that Adelson would use the proceeds from the sale to acquire a majority interest in a professional sports franchise.
A source familiar with the deal disclosed to CNBC that Cuban would be selling his stake in the Mavericks to the Adelson family, while continuing to oversee the basketball operations for the team as part of the agreement.
Overall, Cuban’s recent announcements have sparked a whirlwind of speculation about his future plans, from potential political involvement to his role in professional basketball. While the sale of the majority stake in the Dallas Mavericks marks a significant shift in Cuban’s portfolio, it appears that he will continue to maintain a prominent position within the team and focus on his business ventures, rather than pursue a presidential bid.
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