Dallas Mavericks owners Patrick Dumont and Miriam Adelson shut down the notion that they could sell the franchise just two years after buying a majority stake from Mark Cuban.
"The Dumont and Adelson families remain fully committed to the Dallas Mavericks franchise and to the Dallas community," a family spokesperson said in a statement to 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."
Cuban retained a 27% stake in the Mavs, but a provision in the sale agreement allows the Dumont and Adelson families to buy all but 7% of his shares within the first four years of their ownership, according to Townsend.
The Dumont and Adelson families have until December 2027 to exercise that option.
Cuban also gave up control of basketball operations soon after selling his majority stake.
An unidentified Dallas investor group is reportedly interested in joining forces with Cuban to buy back the club. However, the businessman doesn't envision such a scenario unfolding in the near future.
"I get asked fairly often if I would be part of a group if they could buy the team," Cuban wrote Wednesday to Townsend. "I tell them all the same thing: I don't see them selling."
