Patrick Dumont now holds a staggering 69% ownership stake in the Dallas Mavericks after purchasing Miriam Adelson’s share last month, a move that clearly signals his absolute long-term commitment to the franchise. This isn’t just some minor reshuffle, folks. This is a massive consolidation of power by the man who has already been running the show, and it changes the game for what we can expect from the Mavs going forward.
A Power Play Years in the Making
This latest deal wasn’t about new money coming into the fold, but rather an internal power shift. Miriam Adelson sold her stake to Dumont and his wife, Sivan Ochshorn, transferring a significant chunk of the team’s ownership. Remember back in 2023 when Mark Cuban sold his majority stake? That was the big one, reportedly worth $3.5 billion, and it’s when Adelson and Dumont first stepped in, with Dumont taking the Governor role. Cuban, the longtime face of the Mavs, stayed on with a minority stake then, and he still does now, holding 27%. Mary Stanton also holds 4%. But now, Dumont is the undisputed top dog at 69%.
And get this, he might not even be done! The original 2023 sale terms include a clause allowing Dumont to buy up to 20% of Cuban’s remaining portion. Dumont himself said, “Our plan is to look at that and to do that over time.” If he pulls that off, he’d be sitting on a whopping 89% of the franchise, a team Forbes now values at a staggering $5.8 billion. That’s serious money and serious control.
Overhauling the Franchise, On and Off the Court
Since Dumont first got involved in 2023, he hasn’t exactly been shy about making moves. He’s totally overhauled the front office, bringing in some heavy hitters. We’re talking Rick Welts as CEO, Ethan Casson as President (who’s set to take over as CEO in 2027, by the way), Masai Ujiri, Mike Schmitz, and new head coach Dusty May. Plus, he’s added a bunch of other senior-manager level employees. This isn’t just tweaking the knobs, it’s a full-on rebuild of the management structure, setting up a new era for the organization.
But the ambition doesn’t stop there. Dumont is also knee-deep in plans for a brand-new, basketball-only arena for the Mavs, eyeing the former Valley View Mall to transform it into an “all-out entertainment destination.” This guy isn’t just thinking about the next game, he’s planning for decades, aiming to build a top-tier operation from top to bottom. It’s clear Dumont has massive plans for where he wants to take the Mavericks, especially with young phenom Cooper Flagg leading the charge on the court. His quote sums it up perfectly: “The most important thing every day is just trying to work harder to get better.”
With Dumont now fully in the driver’s seat, holding nearly 70% of the team and eyeing even more, the Mavericks are clearly heading into a new era. His aggressive moves, from the front office to new facilities, show he’s not messing around. What does all this mean for Cooper Flagg and the Mavs’ future on the court? We’re about to find out, and it’s gonna be interesting to watch this long-term vision unfold.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Mavs Moneyball.
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