Mark Cuban to sell majority interest in the Dallas Mavericks for $3.5 billion
Mark Cuban plans to remain in charge of basketball operations after the sale. | Photo by Brock Meyer
Mark Cuban plans to sell a majority ownership of the Dallas Mavericks to the family that runs the Las Vegas Sands casinos.
Who’s that?
Miriam Adelson, the widow of casino magnate Sheldon Adelson, runs the international gambling company Las Vegas Sands Corp., which founded the Venetian hotel in Las Vegas and owns luxury resorts in Macao and Singapore. According to Forbes, the Adelson family is worth $32.3 billion.
What’s the deal?
According to the Dallas Morning News, Adelson plans to purchase more than 50% of an NBA team — although the full amount hasn’t been confirmed — and will be a majority owner.
Earlier this week, Adelson announced she would sell $2 billion of her shares in Las Vegas Sands Corp. to acquire a majority stake evaluated at $3.5 billion.
When finalized, the binding agreement has to be approved by the NBA Board of Governors, which will take some weeks.
What about Mark?
The outgoing “Shark Tank” billionaire plans to retain ownership stake and control over basketball operations of the $4.5 billion franchise. He has owned a majority stake since 2000 when he purchased the team from Ross Perot, Jr. for $285 million.
The team will continue dribbling through the 2023-2024 season — currently 11-6 — taking on the Memphis Grizzlies tomorrow at 6:30 p.m. Grab tickets to the game at American Airlines Center.
Events
Thursday, Nov. 30
The FABBA Show | Thursday, Nov. 30 | 7:30-9:30 p.m. | Ridglea Theater, 6025 Camp Bowie Blvd., Fort Worth | $45-$180 | Unleash your inner “Dancing Queen” with this tribute to ABBA.
Friday, Dec. 1
Movie Nights | Friday, Dec. 1 | 7-9 p.m. | Burnett Park, 501 W. 7th St., Fort Worth | Free | Grab your snacks and bundle up for a showing of “The Grinch.”
Saturday, Dec. 2
The Clearfork Holiday Market | Saturday, Dec. 2 | 9 a.m.-3 p.m. | The Shops at Clearfork, 5188 Monahans Ave., Fort Worth | Cost of purchase | Peruse gifts, handmade items, fresh produce, and baked goods at this community market + take a photo with Santa.
Dr. Pepper Big 12 Football Championship| Saturday, Dec. 2 | 11 a.m. | AT&T Stadium, 1 AT&T Way, Arlington | $50-$1,156 | The Oklahoma State Cowboys (No. 18) will take on the Texas Longhorns (No. 7) in the conference championship.
Sunday, Dec. 3
John E. McCown Car Show | Sunday, Dec. 3 | 10 a.m.-2 p.m. | Fort Worth Aviation Museum, 3300 Ross Ave., Fort Worth | Free | Rescheduled from Veterans Day — all vehicle types and years are invited to take part in this car show dedicated to military service members.
🚲 Black Bike Friday: Score $1,200 off an e-bike for the cyclist on your list
Every Upway e-bike is eligible for a 14-day return and backed by a one-year warranty. | Photos by Upway
Have an active loved one on your shopping list? We’ve got you.
Upway delivers rigorously inspected, certified, and 99% pre-assembled e-bikes from top brands (think: Specialized, Aventon, and Super73) directly to your doorstep — so your favorite person can get rolling right after unwrapping.
E-bikes are typically more expensive than bicycles, but you can score yours for up to $1,200 off.
(Order before Wednesday, Dec. 20 and use code TREE for free express shipping.)
Dr. Tracy Johnson is the lone finalist for the superintendent position at Keller ISD. After a 21-day waiting period, the North Texas native will be the first woman to hold the position in the district’s 112-year history. Johnson — who is currently KISD’s Chief Human Resources Officer — will take over for Rick Westfalld who is retiring in January.
Film
A new holiday movie is filming in Granbury, just 40 minutes southwest of downtown. “A Christmas Heart” stars Kevin Sorbo and Bill McAdams Jr. and is set to be released at the end of 2024. Get a sneak peek of the action this afternoon at Hood County Courthouse. Speaking of films — help us write a Hallmark movie based in Fort Worth. (CultureMap Fort Worth)
Jobs
The city’s Park and Recreation Department is hosting a hiring fair from 10 a.m. to 2 p.m. on Saturday, Dec. 2 at La Gran Plaza. The department will hold on-the-spot interviews for maintenance staff, recreation assistants, and community center aides. Remember to bring your resume.
Announced
The Fort Worth Museum of Science and History received its reaccreditation from the American Alliance of Museums. According to a press release, the status comes after a series of self-assessments and peer reviews evaluating the museum’s high quality and institutional growth.
Cause
Got a gently used pair of boots or cowboy hat lying around? Donate it to Tarrant County teens participating in Texas 4-H. Tannahill’s Tavern & Music Hall is collecting donations for the “ALL IN” initiative to give local students a holiday gift. (Fort Worth Star-Telegram)
Environment
Earlier this week, City Council and Tarrant Regional Water District signed a memorandum of understanding to collaboratively acquire, create, and care for greenspace across town. The partnership will explore a private nonprofit conservancy, as well as other strategies and goals.
Featured Deal
Last call for this exclusive deal: Score 50% off everything online at Harlestons — the Golf Digest/Golfweek/Golf Channel-featured premium men’s apparel brand — with code BF50. (We especially love their performance polos.) Bonus: Free shipping on $125+ and easy returns, always.*
Civic
🔥 Is something burning?
Decode the code: Outdoor cooking, bonfires, and burning in Tarrant County
Just because the sunset lights Fort Worth on fire, doesn’t mean you have to. | Photo by @lantzscape_photos
This hot guide to bonfire regulations is fire — if we do say so ourselves.
The weather has cooled off and it makes us want to gather around the campfire and roast some marshmallows — now that we won’t be sweating to death. Before you schedule your cozy winter bonfire, keep reading for local regulations and safety tips.
Outdoor burning
Burning brush is only allowed in unincorporated areas of Tarrant County — outside of Fort Worth city limits.
Keep an eye on the smoke and don’t light a fire if the wind speed is over 23 mph.
Allowed materials include brush, tree limbs, grass clippings, leaves, and household trash from your own property. Prohibited materials include construction materials, tires, heavy oils, chemical waste, or anything hauled to the site.
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