**Dallas Mavericks Owner Mark Cuban Selling Majority Stake in Team**
Amid news that Mark Cuban is selling a majority stake in the Dallas Mavericks to the Adelson family, the billionaire businessman has made it clear that he has no intentions of running for president in 2024.
**Cuban Denies Presidential Ambitions**
In response to rumors about a potential presidential run, Cuban emphatically stated that he has “no plans” to run for president. He even mentioned in an email to NBC News that his family would disown him if he were to pursue a campaign for the White House.
**Bipartisan Support**
Despite his personal declaration, Cuban has not shied away from political involvement. He has expressed support for the efforts of the group No Labels in creating a bipartisan ticket for the 2024 presidency.
**Departure from Shark Tank**
Another recent development involved Cuban’s announcement that he will be making his final regular appearances as one of the “sharks” on the ABC television show “Shark Tank.” This news came during a podcast in which Cuban revealed that he will no longer appear regularly on the popular program.
**Adelson Acquisition**
Confirming speculations, Las Vegas Sands revealed that Dr. Miriam Adelson and The Miriam Adelson Trust would be selling $2 billion in stock to acquire a majority interest in a professional sports franchise. A source familiar with the deal confirmed that Cuban will be selling 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.
In light of these developments, it is crucial to note that CNBC, the exclusive owner of off-network cable rights to “Shark Tank,” has a stake in this transaction.
**Conclusion**
The decision by Mark Cuban to sell a majority stake in the Dallas Mavericks to the Adelson family has sparked both political and business speculation. Cuban’s emphatic denial of presidential ambitions contrasts with his willingness to continue his involvement in the professional basketball world. As the details of this deal continue to unfold, it will be interesting to see how Cuban’s decision plays out in the realms of sports and politics. Both fans and political observers will surely be keeping a close eye on these developments.
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